International Assets Investment Management Expands Stake in Vanguard ETF

International Assets Investment Management LLC has increased its position in the Vanguard Information Technology ETF (NYSEARCA: VGT) by 6.7% during the second quarter of 2023. According to the company’s latest 13F filing with the Securities and Exchange Commission, this brings the total number of shares owned to 7,805 after acquiring an additional 492 shares during the quarter. The value of these holdings is approximately $5,177,000 based on the most recent SEC disclosure.

Other institutional investors have also adjusted their stakes in the Vanguard Information Technology ETF. Notably, Signature Estate & Investment Advisors LLC raised its holdings by 5.9% during the same period. This increase means they now own 10,738 shares, valued at about $7,122,000 after adding 601 shares.

Koshinski Asset Management Inc. made a significant move as well, boosting its holdings by 22.2% to now own 937 shares worth $621,000. Additionally, Spreng Capital Management Inc. purchased a new stake in the ETF valued at around $226,000. Stratos Wealth Advisors LLC increased its stake by 6.5%, bringing its total to 6,186 shares, valued at approximately $4,104,000 after acquiring an additional 377 shares.

Angeles Wealth Management LLC also expanded its investment by 43.4%, now holding 314 shares worth $208,000 after buying 95 additional shares during the quarter.

Market Performance and Overview

As of March 31, 2023, shares of the Vanguard Information Technology ETF opened at $752.16. The fund’s performance has seen a 50-day moving average price of $723.23 and a 200-day moving average price of $650.13. The ETF has experienced a twelve-month low of $451.00 and a high of $771.58. Currently, the fund boasts a market capitalization of approximately $111.28 billion, a price-to-earnings ratio of 34.55, and a beta of 1.16.

The Vanguard Information Technology ETF aims to mirror the investment performance of the MSCI US Investable Market Information Technology 25/50 Index. This index encompasses a range of large-, mid-, and small-cap stocks in the U.S. information technology sector, categorized under the Global Industry Classification Standard (GICS).

Investors can subscribe to receive updates and ratings for the Vanguard Information Technology ETF through MarketBeat’s daily email newsletter, ensuring they stay informed on market developments and related companies.