Magnolia Wealth Management LLC Purchases New Position in Vanguard Information Technology ETF $VGT

Magnolia Wealth Management LLC acquired a new position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,307 shares of the exchange traded fund’s stock, valued at approximately $13,669,000. Vanguard Information Technology ETF comprises about 8.5% of Magnolia Wealth Management LLC’s holdings, making the stock its 4th biggest holding.

Several other hedge funds also recently modified their holdings of the company. Jefferies Financial Group Inc. acquired a new position in shares of Vanguard Information Technology ETF in the 3rd quarter worth approximately $1,680,300,000. Laurel Wealth Advisors LLC increased its holdings in Vanguard Information Technology ETF by 210,235.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,487,074 shares of the exchange traded fund’s stock valued at $986,346,000 after purchasing an additional 1,486,367 shares in the last quarter. Focus Partners Wealth increased its holdings in Vanguard Information Technology ETF by 1,665.5% during the 3rd quarter. Focus Partners Wealth now owns 725,567 shares of the exchange traded fund’s stock valued at $541,734,000 after purchasing an additional 684,470 shares in the last quarter. PGIM Custom Harvest LLC raised its position in Vanguard Information Technology ETF by 48.7% in the 2nd quarter. PGIM Custom Harvest LLC now owns 781,415 shares of the exchange traded fund’s stock valued at $518,297,000 after purchasing an additional 255,787 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its position in Vanguard Information Technology ETF by 689.0% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 275,257 shares of the exchange traded fund’s stock valued at $205,489,000 after purchasing an additional 240,370 shares during the last quarter.

Vanguard Information Technology ETF Stock Performance

Vanguard Information Technology ETF stock opened at $727.40 on Wednesday. The business’s fifty day moving average is $742.16 and its two-hundred day moving average is $747.84. The firm has a market cap of $108.85 billion, a P/E 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.

Vanguard Information Technology ETF 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). 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.