Vanguard Information Technology ETF $VGT Shares Purchased by Magnolia Wealth Management LLC

Magnolia Wealth Management LLC boosted its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 570.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,389 shares of the exchange traded fund’s stock after purchasing an additional 102,438 shares during the period. Vanguard Information Technology ETF comprises 7.5% of Magnolia Wealth Management LLC’s holdings, making the stock its 4th largest position. Magnolia Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $14,389,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Florida Trust Wealth Management Co raised its holdings in shares of Vanguard Information Technology ETF by 725.8% in the second quarter. Florida Trust Wealth Management Co now owns 21,736 shares of the exchange traded fund’s stock valued at $2,598,000 after purchasing an additional 19,104 shares during the last quarter. First Merchants Corp raised its stake in shares of Vanguard Information Technology ETF by 744.7% during the 2nd quarter. First Merchants Corp now owns 331,585 shares of the exchange traded fund’s stock worth $39,631,000 after purchasing an additional 292,331 shares in the last quarter. Innovative Wealth Building LLC boosted its holdings in shares of Vanguard Information Technology ETF by 748.5% in the 2nd quarter. Innovative Wealth Building LLC now owns 58,592 shares of the exchange traded fund’s stock valued at $7,003,000 after buying an additional 51,687 shares during the last quarter. Clark Asset Management LLC boosted its holdings in shares of Vanguard Information Technology ETF by 1,004.8% in the 2nd quarter. Clark Asset Management LLC now owns 5,513 shares of the exchange traded fund’s stock valued at $659,000 after buying an additional 5,014 shares during the last quarter. Finally, Financial & Tax Architects LLC bought a new position in shares of Vanguard Information Technology ETF in the second quarter valued at $491,000.

Vanguard Information Technology ETF Trading Up 0.3%

Shares of VGT opened at $121.27 on Friday. The company has a market cap of $148.67 billion, a price-to-earnings ratio of 34.55 and a beta of 1.35. Vanguard Information Technology ETF has a 1-year low of $83.09 and a 1-year high of $126.00. The company’s fifty day simple moving average is $117.35 and its 200 day simple moving average is $107.87.

Vanguard Information Technology ETF Company 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.