Avalon Capital Management Acquires Shares of 717 Vanguard Information Technology ETF (NYSEARCA:VGT)

Avalon Capital Management bought a new position in Vanguard Information Technology ETF (NYSEARCA:VGT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 717 shares of the exchange traded fund’s stock, valued at approximately $413,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new stake in Vanguard Information Technology ETF during the fourth quarter valued at about $1,432,000. Pursue Wealth Partners LLC bought a new position in Vanguard Information Technology ETF during the fourth quarter worth about $209,000. Tennessee Valley Asset Management Partners bought a new position in shares of Vanguard Information Technology ETF during the fourth quarter worth approximately $171,000. Signaturefd LLC lifted its stake in Vanguard Information Technology ETF by 19.0% in the 4th quarter. Signaturefd LLC now owns 1,661 shares of the exchange traded fund’s stock valued at $804,000 after purchasing an additional 265 shares during the last quarter. Finally, CWM LLC raised its position in shares of Vanguard Information Technology ETF by 3.0% during the fourth quarter. CWM LLC now owns 5,626 shares of the exchange traded fund’s stock worth $2,723,000 after acquiring an additional 163 shares during the last quarter.

Vanguard Information Technology ETF Stock Up 1.8 %

VGT stock traded up $10.25 during mid-day trading on Friday, reaching $580.11. 420,260 shares of the company traded hands, compared to its average volume of 479,440. The stock has a market cap of $73.05 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41. The firm’s 50 day moving average price is $571.90 and its 200 day moving average price is $538.77. Vanguard Information Technology ETF has a fifty-two week low of $397.76 and a fifty-two week high of $609.15.

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).