Linscomb Wealth Inc. Makes New $224,000 Investment in Vanguard Information Technology ETF (NYSEARCA:VGT)

Linscomb Wealth Inc. acquired a new position in Vanguard Information Technology ETF (NYSEARCA:VGT) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 428 shares of the exchange traded fund’s stock, valued at approximately $224,000.

Several other hedge funds and other institutional investors have also bought and sold shares of VGT. International Assets Investment Management LLC acquired a new stake in Vanguard Information Technology ETF in the 4th quarter worth about $692,917,000. Beacon Capital Management Inc. raised its stake in Vanguard Information Technology ETF by 189.0% in the 1st quarter. Beacon Capital Management Inc. now owns 317,241 shares of the exchange traded fund’s stock worth $166,685,000 after purchasing an additional 207,468 shares in the last quarter. Annex Advisory Services LLC raised its position in shares of Vanguard Information Technology ETF by 73.1% in the 4th quarter. Annex Advisory Services LLC now owns 188,711 shares of the exchange traded fund’s stock valued at $91,337,000 after buying an additional 79,719 shares in the last quarter. Gratus Capital LLC raised its position in shares of Vanguard Information Technology ETF by 587.1% in the 4th quarter. Gratus Capital LLC now owns 90,337 shares of the exchange traded fund’s stock valued at $43,723,000 after buying an additional 77,189 shares in the last quarter. Finally, Hollencrest Capital Management raised its position in shares of Vanguard Information Technology ETF by 953.0% in the 1st quarter. Hollencrest Capital Management now owns 59,798 shares of the exchange traded fund’s stock valued at $31,355,000 after buying an additional 54,119 shares in the last quarter.

Vanguard Information Technology ETF Stock Up 1.2 %

Shares of NYSEARCA:VGT traded up $6.57 during midday trading on Friday, hitting $561.56. The stock had a trading volume of 473,054 shares, compared to its average volume of 470,184. The company’s 50-day moving average price is $570.34 and its 200-day moving average price is $531.58. The company has a market capitalization of $70.71 billion, a P/E ratio of 36.30 and a beta of 1.41. Vanguard Information Technology ETF has a fifty-two week low of $397.76 and a fifty-two week high of $609.15.

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).