Magnolia Wealth Management LLC Raises Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

Magnolia Wealth Management LLC increased its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,404 shares of the exchange traded fund’s stock after purchasing an additional 376 shares during the quarter. Vanguard Information Technology ETF comprises about 7.5% of Magnolia Wealth Management LLC’s portfolio, making the stock its 4th biggest holding. Magnolia Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $10,822,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brooklyn Investment Group bought a new stake in Vanguard Information Technology ETF in the fourth quarter worth about $30,000. Kentucky Trust Co acquired a new position in shares of Vanguard Information Technology ETF in the 4th quarter worth approximately $31,000. Peterson Financial Group Inc. bought a new stake in shares of Vanguard Information Technology ETF in the 3rd quarter worth approximately $30,000. Coastline Trust Co acquired a new stake in Vanguard Information Technology ETF during the third quarter valued at approximately $32,000. Finally, Duncker Streett & Co. Inc. acquired a new stake in Vanguard Information Technology ETF during the fourth quarter valued at approximately $35,000.

Vanguard Information Technology ETF Stock Performance

Vanguard Information Technology ETF stock opened at $568.86 on Friday. The firm has a market cap of $78.97 billion, a price-to-earnings ratio of 36.18 and a beta of 1.16. Vanguard Information Technology ETF has a 1 year low of $478.25 and a 1 year high of $648.76. The firm’s 50 day moving average price is $620.94 and its two-hundred day moving average price is $606.89.

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).