Vanguard Information Technology ETF (NYSEARCA:VGT) Shares Bought by Founders Grove Wealth Partners LLC

Founders Grove Wealth Partners LLC raised its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 3.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 24,408 shares of the exchange traded fund’s stock after acquiring an additional 910 shares during the period. Vanguard Information Technology ETF makes up 3.7% of Founders Grove Wealth Partners LLC’s investment portfolio, making the stock its 5th largest position. Founders Grove Wealth Partners LLC’s holdings in Vanguard Information Technology ETF were worth $13,238,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Zions Bancorporation N.A. increased its stake in Vanguard Information Technology ETF by 150.0% in the fourth quarter. Zions Bancorporation N.A. now owns 40 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 24 shares during the last quarter. Crowley Wealth Management Inc. purchased a new position in shares of Vanguard Information Technology ETF during the fourth quarter worth approximately $27,000. Copia Wealth Management purchased a new position in shares of Vanguard Information Technology ETF during the fourth quarter worth approximately $30,000. Kentucky Trust Co purchased a new position in shares of Vanguard Information Technology ETF during the fourth quarter worth approximately $31,000. Finally, Briaud Financial Planning Inc purchased a new position in shares of Vanguard Information Technology ETF during the fourth quarter worth approximately $31,000.

Vanguard Information Technology ETF Trading Up 0.7%

Shares of VGT opened at $633.79 on Friday. The firm has a market cap of $89.38 billion, a PE ratio of 35.89 and a beta of 1.24. The company’s 50 day simple moving average is $570.82 and its 200-day simple moving average is $594.96. Vanguard Information Technology ETF has a 12-month low of $451.00 and a 12-month high of $648.76.

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).