Schrum Private Wealth Management LLC Raises Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

Schrum Private Wealth Management LLC lifted its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 41.7% during the third quarter, Holdings Channel reports. The firm owned 4,828 shares of the exchange traded fund’s stock after acquiring an additional 1,421 shares during the quarter. Vanguard Information Technology ETF makes up about 1.5% of Schrum Private Wealth Management LLC’s portfolio, making the stock its 14th largest holding. Schrum Private Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $2,832,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in VGT. St. Johns Investment Management Company LLC purchased a new stake in Vanguard Information Technology ETF in the 3rd quarter valued at $30,000. Triad Wealth Partners LLC purchased a new stake in shares of Vanguard Information Technology ETF in the second quarter valued at about $32,000. Bell Investment Advisors Inc purchased a new stake in shares of Vanguard Information Technology ETF in the second quarter valued at about $33,000. Halpern Financial Inc. acquired a new stake in shares of Vanguard Information Technology ETF during the third quarter worth about $33,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Vanguard Information Technology ETF by 107.1% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 58 shares of the exchange traded fund’s stock worth $34,000 after buying an additional 30 shares during the last quarter.

Vanguard Information Technology ETF Stock Down 0.1 %

VGT stock traded down $0.92 during trading on Wednesday, hitting $622.09. The company had a trading volume of 208,378 shares, compared to its average volume of 459,771. Vanguard Information Technology ETF has a 1-year low of $450.23 and a 1-year high of $626.45. The firm has a 50-day moving average price of $586.78 and a 200-day moving average price of $567.77. The firm has a market cap of $78.33 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).