Nova Wealth Management Inc. lowered its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT – Free Report) by 9.1% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,813 shares of the exchange traded fund’s stock after selling 181 shares during the period. Vanguard Information Technology ETF comprises about 0.8% of Nova Wealth Management Inc.’s portfolio, making the stock its 29th largest holding. Nova Wealth Management Inc.’s holdings in Vanguard Information Technology ETF were worth $983,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of VGT. Cordant Inc. purchased a new position in shares of Vanguard Information Technology ETF during the 1st quarter valued at about $28,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of Vanguard Information Technology ETF during the 1st quarter valued at about $28,000. Copia Wealth Management purchased a new position in shares of Vanguard Information Technology ETF during the 4th quarter valued at about $30,000. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Vanguard Information Technology ETF during the 1st quarter valued at about $32,000. Finally, MorganRosel Wealth Management LLC purchased a new position in shares of Vanguard Information Technology ETF during the 1st quarter valued at about $33,000.
Vanguard Information Technology ETF Stock Performance
NYSEARCA VGT opened at $718.77 on Friday. The stock has a 50-day simple moving average of $690.85 and a two-hundred day simple moving average of $617.71. The firm has a market capitalization of $102.03 billion, a P/E ratio of 34.55 and a beta of 1.16. Vanguard Information Technology ETF has a fifty-two week low of $451.00 and a fifty-two week high of $720.88.
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).
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