RDA Financial Network Boosts Stake in Vanguard Information Technology ETF
RDA Financial Network has increased its investment in the Vanguard Information Technology ETF (NYSEARCA:VGT). According to a recent filing with the Securities and Exchange Commission (SEC), the company lifted its holdings by 5.6% during the first quarter of this year. This increase saw the institutional investor buying an additional 30 shares, bringing its total to 565 shares, valued at approximately $296,000.
New Investors Joining the Vanguard Information Technology ETF
Other hedge funds and institutional investors have also shown interest in the Vanguard Information Technology ETF. For instance:
- Bfsg LLC made a new investment worth about $27,000 during the fourth quarter.
- Signature Resources Capital Management LLC and OLD Second National Bank of Aurora followed suit, investing around $28,000 and $29,000 respectively.
- Opal Wealth Advisors LLC and Wetzel Investment Advisors Inc. joined the list with new positions valued at $34,000 and $36,000 respectively.
Vanguard Information Technology ETF Trading Performance
On the trading front, Vanguard Information Technology ETF opened at $573.95 on Monday. Over the past year, the stock has swung between a low of $397.76 and a high of $593.10. The ETF boasts a market cap of $72.27 billion and has a P/E ratio of 36.30 with a beta of 1.41. Current metrics show a 50-day moving average price of $531.62 and a 200-day moving average price of $513.05.
About Vanguard Information Technology ETF
The Vanguard Information Technology ETF aims to track the investment performance of the MSCI US Investable Market Information Technology 25/50 Index. This index includes a mix of large-, mid-, and small-cap United States stocks in the information technology sector, classified under the Global Industry Classification Standard (GICS).
For those interested in investing, the Vanguard Information Technology ETF presents a diversified avenue into the thriving tech sector, backed by a broad spectrum of technology companies.
Key Takeaways:
- Institutional investments in Vanguard Information Technology ETF are rising.
- RDA Financial Network increased its holdings by 5.6% in the first quarter.
- Vanguard Information Technology ETF stock shows strong performance with significant market cap and promising P/E ratio.
Stay updated to make informed investment decisions in the tech sector with Vanguard Information Technology ETF.
