Forefront Wealth Management Inc. acquired a new position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT – Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,601 shares of the exchange traded fund’s stock, valued at approximately $1,617,000. Vanguard Information Technology ETF makes up about 1.5% of Forefront Wealth Management Inc.’s portfolio, making the stock its 26th largest position.
Other hedge funds have also modified their holdings of the company. Brooklyn Investment Group purchased a new stake in Vanguard Information Technology ETF during the 4th quarter valued at $30,000. Kentucky Trust Co purchased a new stake in Vanguard Information Technology ETF during the 4th quarter valued at $31,000. Briaud Financial Planning Inc purchased a new stake in Vanguard Information Technology ETF during the 4th quarter valued at $31,000. Duncker Streett & Co. Inc. purchased a new stake in Vanguard Information Technology ETF during the 4th quarter valued at $35,000. Finally, Copley Financial Group Inc. purchased a new stake in Vanguard Information Technology ETF during the 3rd quarter valued at $38,000.
Vanguard Information Technology ETF Stock Performance
NYSEARCA:VGT opened at $564.61 on Friday. The stock’s fifty day moving average is $606.16 and its 200 day moving average is $605.70. Vanguard Information Technology ETF has a fifty-two week low of $478.25 and a fifty-two week high of $648.76. The firm has a market capitalization of $78.64 billion, a PE ratio of 33.62 and a beta of 1.17.
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).
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