Fonville Wealth Management LLC Takes Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Fonville Wealth Management LLC purchased a new stake in Vanguard Information Technology ETF (NYSEARCA:VGT) during the fourth quarter, Holdings Channel reports. The fund purchased 1,905 shares of the exchange traded fund’s stock, valued at approximately $922,000.

Several other large investors have also recently added to or reduced their stakes in VGT. Fairfield Bush & CO. purchased a new stake in Vanguard Information Technology ETF during the 1st quarter worth approximately $84,000. AMI Investment Management Inc. increased its stake in Vanguard Information Technology ETF by 5.9% during the 1st quarter. AMI Investment Management Inc. now owns 47,612 shares of the exchange traded fund’s stock worth $19,829,000 after buying an additional 2,662 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in Vanguard Information Technology ETF by 40.4% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 650 shares of the exchange traded fund’s stock worth $271,000 after buying an additional 187 shares during the period. Prudential Financial Inc. increased its stake in Vanguard Information Technology ETF by 24.8% during the 1st quarter. Prudential Financial Inc. now owns 180,462 shares of the exchange traded fund’s stock worth $75,159,000 after buying an additional 35,906 shares during the period. Finally, Laurel Wealth Advisors Inc. increased its stake in Vanguard Information Technology ETF by 5.9% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 5,085 shares of the exchange traded fund’s stock worth $2,118,000 after buying an additional 283 shares during the period.

Vanguard Information Technology ETF Stock Down 1.0 %

NYSEARCA VGT traded down $4.73 on Thursday, hitting $492.96. 539,232 shares of the stock were exchanged, compared to its average volume of 478,928. Vanguard Information Technology ETF has a fifty-two week low of $368.39 and a fifty-two week high of $536.63. The company has a market cap of $62.07 billion, a PE ratio of 37.45 and a beta of 1.37. The company has a 50-day moving average price of $517.90 and a 200-day moving average price of $480.06.

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).