Magnolia Capital Advisors LLC Makes New $291,000 Investment in Vanguard Information Technology ETF (NYSEARCA:VGT)

Magnolia Capital Advisors LLC bought a new position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 504 shares of the exchange traded fund’s stock, valued at approximately $291,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VGT. Wulff Hansen & CO. raised its position in shares of Vanguard Information Technology ETF by 56,640.2% in the 2nd quarter. Wulff Hansen & CO. now owns 5,340,953 shares of the exchange traded fund’s stock worth $3,079,540,000 after acquiring an additional 5,331,540 shares in the last quarter. Strategic Financial Concepts LLC raised its position in shares of Vanguard Information Technology ETF by 54,658.6% in the 2nd quarter. Strategic Financial Concepts LLC now owns 1,506,958 shares of the exchange traded fund’s stock worth $868,897,000 after acquiring an additional 1,504,206 shares in the last quarter. LPL Financial LLC raised its position in shares of Vanguard Information Technology ETF by 5.9% in the 2nd quarter. LPL Financial LLC now owns 1,161,897 shares of the exchange traded fund’s stock worth $669,938,000 after acquiring an additional 64,672 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Vanguard Information Technology ETF by 1.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 501,842 shares of the exchange traded fund’s stock worth $289,357,000 after acquiring an additional 4,910 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Vanguard Information Technology ETF by 3.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 399,871 shares of the exchange traded fund’s stock worth $230,561,000 after acquiring an additional 12,056 shares in the last quarter.

Vanguard Information Technology ETF Trading Up 0.3 %

VGT stock opened at $586.52 on Tuesday. The stock has a 50-day moving average price of $561.48 and a 200-day moving average price of $548.97. Vanguard Information Technology ETF has a 1-year low of $397.76 and a 1-year high of $609.15. The firm has a market cap of $73.85 billion, a PE ratio of 36.30 and a beta of 1.41.

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).