Vanguard Information Technology ETF $VGT is AMI Investment Management Inc.’s Largest Position

AMI Investment Management Inc. lifted its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 4.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,199 shares of the exchange traded fund’s stock after buying an additional 2,726 shares during the period. Vanguard Information Technology ETF makes up approximately 11.6% of AMI Investment Management Inc.’s investment portfolio, making the stock its biggest holding. AMI Investment Management Inc.’s holdings in Vanguard Information Technology ETF were worth $50,173,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. grew its stake in Vanguard Information Technology ETF by 110.5% during the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 40 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 21 shares during the last quarter. Semmax Financial Advisors Inc. acquired a new stake in shares of Vanguard Information Technology ETF during the second quarter worth about $31,000. Kilter Group LLC purchased a new stake in Vanguard Information Technology ETF in the second quarter valued at approximately $37,000. Sawyer & Company Inc acquired a new position in Vanguard Information Technology ETF in the 2nd quarter worth approximately $38,000. Finally, Rice Partnership LLC purchased a new position in Vanguard Information Technology ETF during the 2nd quarter worth approximately $40,000.

Vanguard Information Technology ETF Price Performance

Shares of Vanguard Information Technology ETF stock opened at $767.17 on Friday. The stock has a market cap of $113.50 billion, a PE ratio of 34.55 and a beta of 1.25. The firm has a fifty day moving average price of $761.43 and a 200 day moving average price of $719.26. Vanguard Information Technology ETF has a 1 year low of $451.00 and a 1 year high of $806.99.

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). This GICS sector is made up of companies in three areas: technology software and services, including companies that develop software in various fields (such as the Internet, applications, systems, databases, and/or home entertainment), and companies that provide information technology consulting and services, data processing, and outsourced services; technology hardware and equipment, including manufacturers and distributors of communications equipment, computers and peripherals and electronic equipment, and semiconductors and semiconductor equipment manufacturers.