Nova Wealth Management Inc. Purchases 7,743 Shares of Vanguard Information Technology ETF $VGT

Nova Wealth Management Inc. grew its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 551.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,148 shares of the exchange traded fund’s stock after acquiring an additional 7,743 shares during the quarter. Nova Wealth Management Inc.’s holdings in Vanguard Information Technology ETF were worth $1,093,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Kingdom Financial Group LLC. bought a new stake in Vanguard Information Technology ETF during the 4th quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Vanguard Information Technology ETF by 497.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 233 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 194 shares during the last quarter. Wells Financial Advisors INC bought a new position in shares of Vanguard Information Technology ETF in the fourth quarter valued at $29,000. RHL Group LLC bought a new position in shares of Vanguard Information Technology ETF in the fourth quarter valued at $31,000. Finally, Jessup Wealth Management Inc bought a new position in shares of Vanguard Information Technology ETF in the fourth quarter valued at $31,000.

Vanguard Information Technology ETF Price Performance

Shares of NYSEARCA VGT opened at $121.60 on Thursday. The company has a 50-day moving average price of $116.43 and a 200-day moving average price of $104.78. The stock has a market capitalization of $149.07 billion, a P/E ratio of 34.55 and a beta of 1.34. Vanguard Information Technology ETF has a 1 year low of $83.09 and a 1 year high of $126.00.

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). 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.