Foundation Wealth Management LLC PA Makes New $394,000 Investment in Vanguard Information Technology ETF (NYSEARCA:VGT)

Foundation Wealth Management LLC PA purchased a new stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 633 shares of the exchange traded fund’s stock, valued at approximately $394,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Zions Bancorporation N.A. boosted its holdings in Vanguard Information Technology ETF by 150.0% during the 4th quarter. Zions Bancorporation N.A. now owns 40 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 24 shares during the period. Crowley Wealth Management Inc. bought a new stake in Vanguard Information Technology ETF in the fourth quarter valued at approximately $27,000. Brooklyn Investment Group bought a new stake in Vanguard Information Technology ETF in the fourth quarter valued at approximately $30,000. Kentucky Trust Co purchased a new stake in shares of Vanguard Information Technology ETF during the fourth quarter valued at approximately $31,000. Finally, Briaud Financial Planning Inc bought a new position in shares of Vanguard Information Technology ETF in the fourth quarter worth approximately $31,000.

Vanguard Information Technology ETF Stock Down 2.4 %

NYSEARCA:VGT opened at $563.20 on Thursday. The firm has a market capitalization of $78.44 billion, a P/E ratio of 33.62 and a beta of 1.17. The company has a fifty day moving average of $603.64 and a 200 day moving average of $606.72. Vanguard Information Technology ETF has a 52 week low of $478.25 and a 52 week high of $648.76.

Vanguard Information Technology ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th will be paid a dividend of $0.7294 per share. The ex-dividend date of this dividend is Tuesday, March 25th.

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).