Cornerstone Wealth Management LLC Buys 227 Shares of Vanguard Information Technology ETF (NYSEARCA:VGT)

Cornerstone Wealth Management LLC grew its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 6.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,641 shares of the exchange traded fund’s stock after purchasing an additional 227 shares during the period. Cornerstone Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $1,909,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in VGT. Bfsg LLC bought a new stake in Vanguard Information Technology ETF during the 4th quarter worth $27,000. Richardson Capital Management LLC bought a new stake in shares of Vanguard Information Technology ETF during the first quarter worth about $29,000. Signature Resources Capital Management LLC acquired a new position in shares of Vanguard Information Technology ETF in the fourth quarter valued at approximately $28,000. OLD Second National Bank of Aurora bought a new position in Vanguard Information Technology ETF in the 4th quarter valued at approximately $29,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Vanguard Information Technology ETF during the 1st quarter worth approximately $34,000.

Vanguard Information Technology ETF Stock Performance

Shares of NYSEARCA VGT opened at $592.89 on Friday. The firm has a 50 day moving average price of $545.18 and a two-hundred day moving average price of $518.68. The stock has a market cap of $74.66 billion, a P/E ratio of 36.30 and a beta of 1.41. Vanguard Information Technology ETF has a 52-week low of $397.76 and a 52-week high of $593.10.

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).