Foguth Wealth Management LLC. Purchases New Shares in Vanguard Information Technology ETF (NYSEARCA:VGT)

Foguth Wealth Management LLC. purchased a new stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) during the 1st quarter, HoldingsChannel reports. The firm purchased 392 shares of the exchange traded fund’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VGT. Cooper Financial Group acquired a new stake in shares of Vanguard Information Technology ETF in the fourth quarter valued at about $234,000. Patriot Financial Group Insurance Agency LLC grew its position in shares of Vanguard Information Technology ETF by 19.3% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 944 shares of the exchange traded fund’s stock valued at $457,000 after purchasing an additional 153 shares during the period. TKG Advisors LLC acquired a new stake in shares of Vanguard Information Technology ETF in the fourth quarter valued at about $210,000. Traynor Capital Management Inc. grew its position in shares of Vanguard Information Technology ETF by 17.7% in the first quarter. Traynor Capital Management Inc. now owns 1,268 shares of the exchange traded fund’s stock valued at $665,000 after purchasing an additional 191 shares during the period. Finally, Connectus Wealth LLC acquired a new stake in shares of Vanguard Information Technology ETF in the fourth quarter valued at about $224,000.

Vanguard Information Technology ETF Stock Down 0.0 %

Shares of NYSEARCA VGT traded down $0.21 during trading on Friday, hitting $576.59. The company had a trading volume of 380,444 shares, compared to its average volume of 456,512. The stock has a fifty day simple moving average of $539.46 and a two-hundred day simple moving average of $516.44. Vanguard Information Technology ETF has a fifty-two week low of $397.76 and a fifty-two week high of $593.10. The firm has a market capitalization of $72.60 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41.

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).