Granite Bay Wealth Management LLC Makes New $439,000 Investment in Vanguard Information Technology ETF (NYSEARCA:VGT)

Granite Bay Wealth Management LLC bought a new stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 800 shares of the exchange traded fund’s stock, valued at approximately $439,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. TKG Advisors LLC acquired a new stake in Vanguard Information Technology ETF during the fourth quarter worth about $210,000. Traynor Capital Management Inc. raised its position in shares of Vanguard Information Technology ETF by 17.7% during the 1st quarter. Traynor Capital Management Inc. now owns 1,268 shares of the exchange traded fund’s stock worth $665,000 after purchasing an additional 191 shares during the period. Connectus Wealth LLC bought a new stake in shares of Vanguard Information Technology ETF in the 4th quarter worth approximately $224,000. Moloney Securities Asset Management LLC boosted its position in Vanguard Information Technology ETF by 20.1% during the 1st quarter. Moloney Securities Asset Management LLC now owns 895 shares of the exchange traded fund’s stock valued at $469,000 after purchasing an additional 150 shares during the period. Finally, Regal Investment Advisors LLC grew its stake in Vanguard Information Technology ETF by 20.9% during the 4th quarter. Regal Investment Advisors LLC now owns 1,192 shares of the exchange traded fund’s stock worth $577,000 after buying an additional 206 shares during the last quarter.

Vanguard Information Technology ETF Stock Performance

Shares of VGT opened at $571.78 on Wednesday. The firm has a fifty day moving average of $561.25 and a 200-day moving average of $549.36. The company has a market cap of $72.00 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41. Vanguard Information Technology ETF has a 1 year low of $397.76 and a 1 year high of $609.15.

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).