Royal Fund Management LLC Buys 39,126 Shares of Vanguard Information Technology ETF (NYSEARCA:VGT)

Royal Fund Management LLC boosted its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 258.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,252 shares of the exchange traded fund’s stock after purchasing an additional 39,126 shares during the period. Vanguard Information Technology ETF accounts for approximately 1.9% of Royal Fund Management LLC’s portfolio, making the stock its 5th biggest position. Royal Fund Management LLC’s holdings in Vanguard Information Technology ETF were worth $31,971,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Wulff Hansen & CO. lifted its holdings in shares of Vanguard Information Technology ETF by 56,640.2% during the 2nd quarter. Wulff Hansen & CO. now owns 5,340,953 shares of the exchange traded fund’s stock valued at $3,079,540,000 after buying an additional 5,331,540 shares during the last quarter. Strategic Financial Concepts LLC raised its position in Vanguard Information Technology ETF by 54,658.6% during the second quarter. Strategic Financial Concepts LLC now owns 1,506,958 shares of the exchange traded fund’s stock valued at $868,897,000 after acquiring an additional 1,504,206 shares in the last quarter. LPL Financial LLC lifted its stake in Vanguard Information Technology ETF by 5.9% in the second quarter. LPL Financial LLC now owns 1,161,897 shares of the exchange traded fund’s stock valued at $669,938,000 after acquiring an additional 64,672 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Vanguard Information Technology ETF by 3.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 506,703 shares of the exchange traded fund’s stock worth $292,185,000 after acquiring an additional 17,933 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Vanguard Information Technology ETF by 1.0% in the second quarter. Envestnet Asset Management Inc. now owns 501,842 shares of the exchange traded fund’s stock worth $289,357,000 after acquiring an additional 4,910 shares in the last quarter.

Vanguard Information Technology ETF Stock Performance

Shares of Vanguard Information Technology ETF stock traded down $0.12 during midday trading on Wednesday, reaching $591.31. 22,540 shares of the company’s stock traded hands, compared to its average volume of 464,470. Vanguard Information Technology ETF has a 52 week low of $397.76 and a 52 week high of $609.15. The company’s 50 day simple moving average is $563.76 and its 200 day simple moving average is $551.40. The company has a market cap of $74.46 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41.

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).