International Assets Boosts Stake in Vanguard Information Technology ETF

International Assets Investment Management LLC has increased its holdings in the Vanguard Information Technology ETF (NYSEARCA: VGT) by 6.7% during the second quarter of 2023. According to the firm’s recent filing with the Securities and Exchange Commission (SEC), the investment management company now owns a total of 7,805 shares of the exchange-traded fund after acquiring an additional 492 shares during this period. As of the latest SEC filing, these holdings are valued at approximately $5,177,000.

Several other institutional investors have also adjusted their positions in the Vanguard Information Technology ETF recently. For instance, Signature Estate & Investment Advisors LLC raised its stake by 5.9% during the second quarter, bringing its total to 10,738 shares, valued at $7,122,000 after adding 601 shares.

In addition, Koshinski Asset Management Inc. increased its holdings by 22.2%, now owning 937 shares valued at $621,000, following a purchase of 170 shares. Spreng Capital Management Inc. entered the ETF market with a new stake worth approximately $226,000. Stratos Wealth Advisors LLC also expanded its investment by 6.5%, raising its ownership to 6,186 shares valued at $4,104,000. Finally, Angeles Wealth Management LLC increased its stake by 43.4%, now holding 314 shares valued at $208,000.

Vanguard Information Technology ETF Performance

As of the last trading session, shares of the Vanguard Information Technology ETF opened at $752.16. The ETF’s fifty-day moving average price stands at $723.23, while its two-hundred-day moving average is $650.13. Over the past year, the stock has experienced a low of $451.00 and a high of $771.58.

The market capitalization of the Vanguard Information Technology ETF is currently around $111.28 billion. With a price-to-earnings (P/E) ratio of 34.55 and a beta of 1.16, the ETF continues to be a significant player in the technology investment space.

The Vanguard Information Technology ETF aims to track the investment performance of the MSCI US Investable Market Information Technology 25/50 Index, which includes large-, mid-, and small-cap U.S. stocks categorized within the information technology sector, as defined by the Global Industry Classification Standard (GICS).

Investors can stay updated on the latest developments regarding the Vanguard Information Technology ETF by subscribing to daily financial news summaries, ensuring they remain informed about significant changes and trends in the market.