Cornerstone Wealth Management LLC Increases Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

Cornerstone Wealth Management LLC raised its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 6.6% during the 1st quarter, HoldingsChannel reports. The fund owned 3,641 shares of the exchange traded fund’s stock after acquiring an additional 227 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $1,909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bfsg LLC bought a new stake in Vanguard Information Technology ETF during the fourth quarter valued at about $27,000. Richardson Capital Management LLC bought a new stake in shares of Vanguard Information Technology ETF during the 1st quarter valued at $29,000. Signature Resources Capital Management LLC purchased a new stake in Vanguard Information Technology ETF in the 4th quarter worth $28,000. OLD Second National Bank of Aurora bought a new stake in Vanguard Information Technology ETF during the fourth quarter valued at about $29,000. Finally, Opal Wealth Advisors LLC bought a new stake in Vanguard Information Technology ETF during the first quarter valued at about $34,000.

Vanguard Information Technology ETF Stock Up 1.2 %

NYSEARCA VGT opened at $592.89 on Friday. Vanguard Information Technology ETF has a twelve month low of $397.76 and a twelve month high of $593.10. The business has a 50-day moving average price of $545.18 and a 200-day moving average price of $518.68. The firm has a market cap of $74.66 billion, a price-to-earnings 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).