Nova Wealth Management Inc. Purchases 7,743 Shares of Vanguard Information Technology ETF $VGT

Nova Wealth Management Inc. increased its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 551.1% during the 2nd quarter, Holdings Channel reports. The firm owned 9,148 shares of the exchange traded fund’s stock after purchasing an additional 7,743 shares during the quarter. Nova Wealth Management Inc.’s holdings in Vanguard Information Technology ETF were worth $1,093,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VGT. Kingdom Financial Group LLC. purchased a new position in Vanguard Information Technology ETF in the fourth quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in Vanguard Information Technology ETF by 497.4% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 233 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 194 shares during the period. Wells Financial Advisors INC purchased a new stake in shares of Vanguard Information Technology ETF during the 4th quarter valued at $29,000. RHL Group LLC purchased a new stake in shares of Vanguard Information Technology ETF during the 4th quarter valued at $31,000. Finally, Jessup Wealth Management Inc bought a new stake in shares of Vanguard Information Technology ETF during the 4th quarter worth $31,000.

Vanguard Information Technology ETF Price Performance

NYSEARCA VGT opened at $121.60 on Thursday. The business’s fifty day moving average is $116.43 and its 200-day moving average is $104.78. The stock has a market capitalization of $149.07 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34. Vanguard Information Technology ETF has a one year low of $83.09 and a one year high of $126.00.

Vanguard Information Technology ETF 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.