Maloon Powers Pitre Higgins & Dennehy LLC Purchases New Shares in Vanguard Information Technology ETF $VGT

Maloon Powers Pitre Higgins & Dennehy LLC purchased a new position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,505 shares of the exchange traded fund’s stock, valued at approximately $1,495,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kingdom Financial Group LLC. bought a new position in shares of Vanguard Information Technology ETF during the 4th quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Vanguard Information Technology ETF by 497.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 233 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 194 shares during the last quarter. RHL Group LLC purchased a new stake in shares of Vanguard Information Technology ETF during the fourth quarter valued at approximately $31,000. Jessup Wealth Management Inc bought a new stake in Vanguard Information Technology ETF during the fourth quarter worth $31,000. Finally, Semmax Financial Advisors Inc. bought a new stake in Vanguard Information Technology ETF during the second quarter worth $31,000.

Vanguard Information Technology ETF Trading Up 0.3%

VGT stock opened at $121.27 on Friday. The stock’s fifty day simple moving average is $117.35 and its two-hundred day simple moving average is $107.87. Vanguard Information Technology ETF has a 1-year low of $83.09 and a 1-year high of $126.00. The stock has a market cap of $148.67 billion, a P/E ratio of 34.55 and a beta of 1.35.

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). This GICS sector is made up of companies in three areas: technology software and services, including companies that develop software in various fields (such as the Internet, applications, systems, databases, and/or home entertainment), and companies that provide information technology consulting and services, data processing, and outsourced services; technology hardware and equipment, including manufacturers and distributors of communications equipment, computers and peripherals and electronic equipment, and semiconductors and semiconductor equipment manufacturers.