Prosperity Wealth Management Inc. Takes Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Prosperity Wealth Management Inc. acquired a new stake in Vanguard Information Technology ETF (NYSEARCA:VGT) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 573 shares of the exchange traded fund’s stock, valued at approximately $356,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealthfront Advisers LLC boosted its holdings in Vanguard Information Technology ETF by 621.3% in the fourth quarter. Wealthfront Advisers LLC now owns 216,100 shares of the exchange traded fund’s stock valued at $134,371,000 after acquiring an additional 186,139 shares during the last quarter. GC Wealth Management RIA LLC boosted its holdings in Vanguard Information Technology ETF by 27.9% in the fourth quarter. GC Wealth Management RIA LLC now owns 2,707 shares of the exchange traded fund’s stock valued at $1,683,000 after acquiring an additional 591 shares during the last quarter. Inspire Advisors LLC boosted its holdings in Vanguard Information Technology ETF by 3.4% in the fourth quarter. Inspire Advisors LLC now owns 1,101 shares of the exchange traded fund’s stock valued at $685,000 after acquiring an additional 36 shares during the last quarter. Miller Financial Services LLC acquired a new position in Vanguard Information Technology ETF in the fourth quarter valued at $218,000. Finally, Briaud Financial Planning Inc acquired a new position in Vanguard Information Technology ETF in the fourth quarter valued at $31,000.

Vanguard Information Technology ETF Trading Down 0.3 %

Shares of Vanguard Information Technology ETF stock opened at $548.37 on Wednesday. Vanguard Information Technology ETF has a twelve month low of $478.25 and a twelve month high of $648.76. The stock has a market capitalization of $76.12 billion, a P/E ratio of 36.18 and a beta of 1.16. The business’s fifty day moving average price is $616.73 and its 200 day moving average price is $606.86.

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).