Fountainhead AM LLC Purchases 1,644 Shares of Vanguard Information Technology ETF $VGT

Fountainhead AM LLC boosted its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 49.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,958 shares of the exchange traded fund’s stock after purchasing an additional 1,644 shares during the period. Fountainhead AM LLC’s holdings in Vanguard Information Technology ETF were worth $3,702,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. China Universal Asset Management Co. Ltd. raised its position in shares of Vanguard Information Technology ETF by 110.5% in the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 40 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 21 shares in the last quarter. Semmax Financial Advisors Inc. bought a new stake in shares of Vanguard Information Technology ETF during the 2nd quarter valued at about $31,000. Tripletail Wealth Management LLC bought a new stake in shares of Vanguard Information Technology ETF during the 3rd quarter valued at about $40,000. Kilter Group LLC acquired a new stake in Vanguard Information Technology ETF during the second quarter worth approximately $37,000. Finally, Sawyer & Company Inc bought a new stake in Vanguard Information Technology ETF in the second quarter worth approximately $38,000.

Vanguard Information Technology ETF Stock Performance

Shares of VGT opened at $755.98 on Friday. The firm has a market cap of $111.85 billion, a PE ratio of 34.55 and a beta of 1.25. Vanguard Information Technology ETF has a 52-week low of $451.00 and a 52-week high of $806.99. The business’s 50 day moving average price is $760.93 and its two-hundred day moving average price is $724.34.

Vanguard Information Technology ETF Company 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.