Sequoia Financial Advisors LLC Grows Stock Position in Vanguard Information Technology ETF $VGT

Sequoia Financial Advisors LLC boosted its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 13.2% during the third quarter, HoldingsChannel reports. The fund owned 9,174 shares of the exchange traded fund’s stock after buying an additional 1,069 shares during the period. Sequoia Financial Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $6,850,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wheelhouse Advisory Group LLC boosted its position in shares of Vanguard Information Technology ETF by 6.1% during the second quarter. Wheelhouse Advisory Group LLC now owns 22,848 shares of the exchange traded fund’s stock worth $15,155,000 after buying an additional 1,317 shares during the period. Endowment Wealth Management Inc. acquired a new position in Vanguard Information Technology ETF during the 2nd quarter worth about $289,000. AMI Investment Management Inc. boosted its holdings in Vanguard Information Technology ETF by 4.2% during the 3rd quarter. AMI Investment Management Inc. now owns 67,199 shares of the exchange traded fund’s stock valued at $50,173,000 after acquiring an additional 2,726 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Vanguard Information Technology ETF by 98.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,326 shares of the exchange traded fund’s stock valued at $4,723,000 after acquiring an additional 3,138 shares during the period. Finally, Asset Planning Services Inc. LA ADV acquired a new position in Vanguard Information Technology ETF in the 3rd quarter valued at about $615,000.

Vanguard Information Technology ETF Price Performance

Shares of NYSEARCA:VGT opened at $758.95 on Tuesday. The firm has a market capitalization of $113.57 billion, a PE ratio of 34.55 and a beta of 1.25. Vanguard Information Technology ETF has a 1 year low of $451.00 and a 1 year high of $806.99. The firm’s 50-day moving average is $755.87 and its two-hundred day moving average is $733.47.

Vanguard Information Technology ETF Company Profile

Vanguard Information Technology ETF seeks to track the investment performance of the MSCI US Investable Market Information Technology 25/50 Index, a benchmark of large-, mid-, and small-cap United States stocks in the information technology sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies in three areas: technology software and services, including companies that develop software in various fields (such as the Internet, applications, systems, databases, and/or home entertainment), and companies that provide information technology consulting and services, data processing, and outsourced services; technology hardware and equipment, including manufacturers and distributors of communications equipment, computers and peripherals and electronic equipment, and semiconductors and semiconductor equipment manufacturers.