Magnus Financial Group LLC Acquires 1,836 Shares of Vanguard Information Technology ETF $VGT

Magnus Financial Group LLC grew its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 23.8% during the third quarter, HoldingsChannel.com reports. The firm owned 9,546 shares of the exchange traded fund’s stock after buying an additional 1,836 shares during the quarter. Magnus Financial Group LLC’s holdings in Vanguard Information Technology ETF were worth $7,128,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in VGT. Wheelhouse Advisory Group LLC increased its stake in shares of Vanguard Information Technology ETF by 6.1% in the 2nd quarter. Wheelhouse Advisory Group LLC now owns 22,848 shares of the exchange traded fund’s stock valued at $15,155,000 after acquiring an additional 1,317 shares in the last quarter. Endowment Wealth Management Inc. bought a new position in shares of Vanguard Information Technology ETF in the second quarter valued at $289,000. AMI Investment Management Inc. boosted its stake in Vanguard Information Technology ETF by 4.2% during the 3rd quarter. AMI Investment Management Inc. now owns 67,199 shares of the exchange traded fund’s stock valued at $50,173,000 after purchasing an additional 2,726 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Vanguard Information Technology ETF by 98.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,326 shares of the exchange traded fund’s stock valued at $4,723,000 after buying an additional 3,138 shares during the last quarter. Finally, Asset Planning Services Inc. LA ADV bought a new stake in Vanguard Information Technology ETF in the 3rd quarter worth about $615,000.

Vanguard Information Technology ETF Stock Down 1.2%

NYSEARCA VGT opened at $755.28 on Thursday. The firm’s 50-day simple moving average is $756.41 and its two-hundred day simple moving average is $731.01. The company has a market cap of $113.02 billion, a PE ratio of 34.55 and a beta of 1.25. Vanguard Information Technology ETF has a 52 week low of $451.00 and a 52 week high of $806.99.

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). 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.