Independent Wealth Network Inc. Increases Stock Holdings in Vanguard Information Technology ETF $VGT

Independent Wealth Network Inc. increased its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 11.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 560 shares of the exchange traded fund’s stock after purchasing an additional 57 shares during the quarter. Independent Wealth Network Inc.’s holdings in Vanguard Information Technology ETF were worth $371,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cordant Inc. bought a new stake in shares of Vanguard Information Technology ETF in the 1st quarter worth about $28,000. Smallwood Wealth Investment Management LLC purchased a new stake in Vanguard Information Technology ETF in the 1st quarter worth about $28,000. Sawyer & Company Inc bought a new stake in Vanguard Information Technology ETF in the second quarter worth about $38,000. Atlantic Edge Private Wealth Management LLC bought a new stake in Vanguard Information Technology ETF in the first quarter worth about $32,000. Finally, MorganRosel Wealth Management LLC purchased a new position in shares of Vanguard Information Technology ETF during the first quarter valued at approximately $33,000.

Vanguard Information Technology ETF Stock Performance

VGT opened at $738.70 on Friday. The stock’s 50 day moving average price is $703.82 and its 200-day moving average price is $629.36. Vanguard Information Technology ETF has a one year low of $451.00 and a one year high of $753.59. The stock has a market cap of $104.86 billion, a price-to-earnings ratio of 34.55 and a beta of 1.16.

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).