Axxcess Wealth Management LLC Grows Stock Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Axxcess Wealth Management LLC raised its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 37.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,611 shares of the exchange traded fund’s stock after buying an additional 1,267 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $2,659,000 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. Perennial Investment Advisors LLC raised its stake in Vanguard Information Technology ETF by 16.9% during the second quarter. Perennial Investment Advisors LLC now owns 16,166 shares of the exchange traded fund’s stock worth $9,321,000 after purchasing an additional 2,338 shares during the period. Alpha Financial Partners LLC acquired a new position in shares of Vanguard Information Technology ETF in the 2nd quarter valued at about $2,179,000. Moors & Cabot Inc. lifted its stake in shares of Vanguard Information Technology ETF by 5.4% in the 2nd quarter. Moors & Cabot Inc. now owns 2,241 shares of the exchange traded fund’s stock valued at $1,292,000 after purchasing an additional 114 shares in the last quarter. Luts & Greenleigh Group Inc. purchased a new stake in shares of Vanguard Information Technology ETF during the 2nd quarter worth about $642,000. Finally, Wulff Hansen & CO. increased its position in 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 worth $3,079,540,000 after purchasing an additional 5,331,540 shares in the last quarter.

Vanguard Information Technology ETF Stock Performance

NYSEARCA VGT opened at $565.61 on Wednesday. The firm has a market capitalization of $71.22 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41. Vanguard Information Technology ETF has a one year low of $397.76 and a one year high of $609.15. The company’s 50 day moving average price is $563.58 and its 200 day moving average price is $545.36.

Vanguard Information Technology ETF 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).