Objective Capital Management LLC Makes New Investment in Vanguard Information Technology ETF (NYSEARCA:VGT)

Objective Capital Management LLC purchased a new position in Vanguard Information Technology ETF (NYSEARCA:VGT) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 803 shares of the exchange traded fund’s stock, valued at approximately $471,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Tompkins Financial Corp boosted its stake in Vanguard Information Technology ETF by 30.2% in the 3rd quarter. Tompkins Financial Corp now owns 280 shares of the exchange traded fund’s stock worth $164,000 after buying an additional 65 shares during the last quarter. Resolute Advisors LLC boosted its stake in Vanguard Information Technology ETF by 0.5% in the 3rd quarter. Resolute Advisors LLC now owns 4,416 shares of the exchange traded fund’s stock worth $2,594,000 after buying an additional 22 shares during the last quarter. Assetmark Inc. boosted its stake in Vanguard Information Technology ETF by 122.7% in the 3rd quarter. Assetmark Inc. now owns 19,125 shares of the exchange traded fund’s stock worth $11,217,000 after buying an additional 10,539 shares during the last quarter. Executive Wealth Management LLC lifted its stake in shares of Vanguard Information Technology ETF by 62.3% in the 3rd quarter. Executive Wealth Management LLC now owns 2,008 shares of the exchange traded fund’s stock valued at $1,178,000 after purchasing an additional 771 shares in the last quarter. Finally, CWA Asset Management Group LLC acquired a new position in shares of Vanguard Information Technology ETF in the 3rd quarter valued at about $2,711,000.

Vanguard Information Technology ETF Stock Down 0.2 %

Shares of NYSEARCA VGT traded down $1.10 during midday trading on Friday, hitting $624.47. The stock had a trading volume of 431,108 shares, compared to its average volume of 461,308. The company has a market capitalization of $78.63 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41. Vanguard Information Technology ETF has a 1-year low of $433.80 and a 1-year high of $626.45. The company has a fifty day moving average price of $584.33 and a 200 day moving average price of $565.05.

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).