Vanguard Information Technology ETF (NYSEARCA:VGT) is Monumental Financial Group Inc.’s 3rd Largest Position

Monumental Financial Group Inc. lifted its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 8.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 38,858 shares of the exchange traded fund’s stock after buying an additional 3,071 shares during the period. Vanguard Information Technology ETF makes up about 10.8% of Monumental Financial Group Inc.’s portfolio, making the stock its 3rd largest position. Monumental Financial Group Inc.’s holdings in Vanguard Information Technology ETF were worth $20,375,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of VGT. Independence Bank of Kentucky increased its stake in Vanguard Information Technology ETF by 59.4% in the 1st quarter. Independence Bank of Kentucky now owns 510 shares of the exchange traded fund’s stock valued at $267,000 after buying an additional 190 shares during the last quarter. Norwood Financial Corp purchased a new stake in shares of Vanguard Information Technology ETF during the first quarter valued at approximately $228,000. Pinnacle Bancorp Inc. lifted its holdings in Vanguard Information Technology ETF by 8.4% during the first quarter. Pinnacle Bancorp Inc. now owns 321 shares of the exchange traded fund’s stock worth $168,000 after acquiring an additional 25 shares during the period. Register Financial Advisors LLC purchased a new position in Vanguard Information Technology ETF in the first quarter worth $87,000. Finally, Howard Financial Services LTD. bought a new position in Vanguard Information Technology ETF in the 1st quarter valued at $300,000.

Vanguard Information Technology ETF Price Performance

Shares of Vanguard Information Technology ETF stock traded down $0.21 during trading hours on Friday, hitting $576.59. 380,444 shares of the company’s stock traded hands, compared to its average volume of 456,512. The stock has a market capitalization of $72.60 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41. Vanguard Information Technology ETF has a 12-month low of $397.76 and a 12-month high of $593.10. The company has a fifty day simple moving average of $539.46 and a 200-day simple moving average of $516.14.

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).