Founders Financial Securities LLC Increases Stock Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Founders Financial Securities LLC lifted its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 2.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 2,273 shares of the exchange traded fund’s stock after acquiring an additional 64 shares during the quarter. Founders Financial Securities LLC’s holdings in Vanguard Information Technology ETF were worth $1,192,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of VGT. Bfsg LLC purchased a new stake in shares of Vanguard Information Technology ETF in the 4th quarter worth approximately $27,000. Signature Resources Capital Management LLC purchased a new stake in Vanguard Information Technology ETF during the fourth quarter valued at approximately $28,000. OLD Second National Bank of Aurora purchased a new stake in Vanguard Information Technology ETF during the fourth quarter valued at approximately $29,000. Opal Wealth Advisors LLC purchased a new stake in Vanguard Information Technology ETF during the first quarter valued at approximately $34,000. Finally, Wetzel Investment Advisors Inc. purchased a new stake in Vanguard Information Technology ETF during the fourth quarter valued at approximately $36,000.

Vanguard Information Technology ETF Stock Performance

NYSEARCA:VGT traded down $0.21 during midday trading on Friday, reaching $576.59. 380,444 shares of the stock traded hands, compared to its average volume of 456,512. Vanguard Information Technology ETF has a 12-month low of $397.76 and a 12-month high of $593.10. The business has a 50-day moving average of $539.46 and a two-hundred day moving average of $516.44. The stock has a market capitalization of $72.60 billion, a PE ratio of 36.30 and a beta of 1.41.

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).