Linscomb Wealth Inc. Acquires New Shares in Vanguard Information Technology ETF (NYSEARCA:VGT)

Linscomb Wealth Inc. acquired a new stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 428 shares of the exchange traded fund’s stock, valued at approximately $224,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Financial Counselors Inc. boosted its position in Vanguard Information Technology ETF by 0.5% during the 4th quarter. Financial Counselors Inc. now owns 4,078 shares of the exchange traded fund’s stock worth $1,974,000 after acquiring an additional 20 shares during the period. Garrison Asset Management LLC boosted its position in Vanguard Information Technology ETF by 4.5% during the 4th quarter. Garrison Asset Management LLC now owns 512 shares of the exchange traded fund’s stock worth $248,000 after acquiring an additional 22 shares during the period. Tower View Wealth Management LLC boosted its position in Vanguard Information Technology ETF by 0.6% during the 4th quarter. Tower View Wealth Management LLC now owns 3,458 shares of the exchange traded fund’s stock worth $1,674,000 after acquiring an additional 22 shares during the period. Stephens Inc. AR boosted its position in Vanguard Information Technology ETF by 0.5% during the 4th quarter. Stephens Inc. AR now owns 4,574 shares of the exchange traded fund’s stock worth $2,214,000 after acquiring an additional 22 shares during the period. Finally, Salem Investment Counselors Inc. boosted its position in Vanguard Information Technology ETF by 6.7% during the 1st quarter. Salem Investment Counselors Inc. now owns 349 shares of the exchange traded fund’s stock worth $183,000 after acquiring an additional 22 shares during the period.

Vanguard Information Technology ETF Price Performance

Shares of VGT traded up $6.57 during midday trading on Friday, reaching $561.56. The stock had a trading volume of 473,054 shares, compared to its average volume of 470,184. Vanguard Information Technology ETF has a 52 week low of $397.76 and a 52 week high of $609.15. The firm’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.

About Vanguard Information Technology ETF

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).