High Point Wealth Management LLC Acquires 4,528 Shares of Vanguard Information Technology ETF $VGT

High Point Wealth Management LLC grew its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 694.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,180 shares of the exchange traded fund’s stock after purchasing an additional 4,528 shares during the quarter. High Point Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $619,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Kingdom Financial Group LLC. bought a new position in Vanguard Information Technology ETF during the fourth quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. raised its position in Vanguard Information Technology ETF by 497.4% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 233 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 194 shares during the period. Wells Financial Advisors INC bought a new stake in Vanguard Information Technology ETF in the fourth quarter worth about $29,000. RHL Group LLC purchased a new position in Vanguard Information Technology ETF in the fourth quarter valued at about $31,000. Finally, Jessup Wealth Management Inc purchased a new position in Vanguard Information Technology ETF in the fourth quarter valued at about $31,000.

Vanguard Information Technology ETF Price Performance

Vanguard Information Technology ETF stock opened at $122.56 on Monday. The firm has a 50 day moving average price of $116.58 and a 200-day moving average price of $105.18. Vanguard Information Technology ETF has a twelve month low of $83.09 and a twelve month high of $126.00. The company has a market capitalization of $150.25 billion, a P/E ratio of 34.55 and a beta of 1.34.

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). This GICS sector is made up of companies in three areas: technology software and services, including companies that develop software in various fields (such as the Internet, applications, systems, databases, and/or home entertainment), and companies that provide information technology consulting and services, data processing, and outsourced services; technology hardware and equipment, including manufacturers and distributors of communications equipment, computers and peripherals and electronic equipment, and semiconductors and semiconductor equipment manufacturers.