Elevation Capital Advisory LLC Takes Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Elevation Capital Advisory LLC acquired a new stake in Vanguard Information Technology ETF (NYSEARCA:VGT) in the second quarter, Holdings Channel.com reports. The firm acquired 3,440 shares of the exchange traded fund’s stock, valued at approximately $1,983,000. Vanguard Information Technology ETF comprises 0.9% of Elevation Capital Advisory LLC’s portfolio, making the stock its 29th biggest position.

Several other hedge funds also recently bought and sold shares of VGT. Wulff Hansen & CO. boosted its holdings in Vanguard Information Technology ETF by 56,640.2% in 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 purchasing an additional 5,331,540 shares during the period. Strategic Financial Concepts LLC raised its position in shares of Vanguard Information Technology ETF by 54,658.6% in the second quarter. Strategic Financial Concepts LLC now owns 1,506,958 shares of the exchange traded fund’s stock worth $868,897,000 after buying an additional 1,504,206 shares in the last quarter. Liberty Wealth Management LLC boosted its stake in Vanguard Information Technology ETF by 6,873.3% during the second quarter. Liberty Wealth Management LLC now owns 312,055 shares of the exchange traded fund’s stock valued at $179,928,000 after buying an additional 307,580 shares during the period. Beacon Capital Management Inc. boosted its stake in Vanguard Information Technology ETF by 189.0% during the first quarter. Beacon Capital Management Inc. now owns 317,241 shares of the exchange traded fund’s stock valued at $166,685,000 after buying an additional 207,468 shares during the period. Finally, Cetera Investment Advisers grew its position in Vanguard Information Technology ETF by 665.9% during the first quarter. Cetera Investment Advisers now owns 236,855 shares of the exchange traded fund’s stock worth $124,193,000 after buying an additional 205,928 shares in the last quarter.

Vanguard Information Technology ETF Trading Down 0.7 %

Shares of NYSEARCA VGT opened at $584.96 on Friday. The business has a 50-day moving average of $561.42 and a 200-day moving average of $548.35. The firm has a market capitalization of $73.66 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 $609.15.

About Vanguard Information Technology ETF

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).