Cahaba Wealth Management Inc. Makes New Investment in Vanguard Information Technology ETF (NYSEARCA:VGT)

Cahaba Wealth Management Inc. purchased a new position in Vanguard Information Technology ETF (NYSEARCA:VGT) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 513 shares of the exchange traded fund’s stock, valued at approximately $301,000.

Several other hedge funds have also recently made changes to their positions in VGT. Wulff Hansen & CO. raised its position in shares of Vanguard Information Technology ETF by 56,640.2% during the 2nd quarter. Wulff Hansen & CO. now owns 5,340,953 shares of the exchange traded fund’s stock valued at $3,079,540,000 after buying an additional 5,331,540 shares in the last quarter. Strategic Financial Concepts LLC raised its position in shares of Vanguard Information Technology ETF by 54,658.6% during the 2nd quarter. Strategic Financial Concepts LLC now owns 1,506,958 shares of the exchange traded fund’s stock valued at $868,897,000 after buying an additional 1,504,206 shares in the last quarter. Liberty Wealth Management LLC raised its position in shares of Vanguard Information Technology ETF by 6,873.3% during the 2nd quarter. Liberty Wealth Management LLC now owns 312,055 shares of the exchange traded fund’s stock valued at $179,928,000 after buying an additional 307,580 shares in the last quarter. Beacon Capital Management Inc. raised its position in shares of Vanguard Information Technology ETF by 189.0% during the 1st quarter. Beacon Capital Management Inc. now owns 317,241 shares of the exchange traded fund’s stock valued at $166,685,000 after buying an additional 207,468 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Vanguard Information Technology ETF by 665.9% during the 1st quarter. Cetera Investment Advisers now owns 236,855 shares of the exchange traded fund’s stock valued at $124,193,000 after buying an additional 205,928 shares in the last quarter.

Vanguard Information Technology ETF Price Performance

Shares of NYSEARCA VGT traded up $2.07 during mid-day trading on Friday, hitting $603.56. 304,832 shares of the company’s stock traded hands, compared to its average volume of 463,651. The company’s 50-day moving average is $574.51 and its two-hundred day moving average is $555.25. The company has a market capitalization of $76.00 billion, a P/E ratio of 36.30 and a beta of 1.41. Vanguard Information Technology ETF has a 1 year low of $397.76 and a 1 year high of $610.06.

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).