Meridian Wealth Management LLC Purchases 1,857 Shares of Vanguard Information Technology ETF (NYSEARCA:VGT)

Meridian Wealth Management LLC lifted its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 221.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,694 shares of the exchange traded fund’s stock after buying an additional 1,857 shares during the period. Meridian Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $1,580,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. St. Johns Investment Management Company LLC bought a new position in shares of Vanguard Information Technology ETF in the third quarter worth approximately $30,000. Peterson Financial Group Inc. bought a new position in shares of Vanguard Information Technology ETF in the third quarter worth approximately $30,000. Triad Wealth Partners LLC bought a new position in shares of Vanguard Information Technology ETF in the second quarter worth approximately $32,000. Coastline Trust Co bought a new position in shares of Vanguard Information Technology ETF in the third quarter worth approximately $32,000. Finally, Bell Investment Advisors Inc bought a new position in shares of Vanguard Information Technology ETF in the second quarter worth approximately $33,000.

Vanguard Information Technology ETF Stock Performance

Shares of NYSEARCA VGT opened at $621.58 on Friday. The firm’s 50 day moving average price is $596.82 and its 200-day moving average price is $573.07. The company has a market cap of $78.27 billion, a PE ratio of 36.30 and a beta of 1.41. Vanguard Information Technology ETF has a 52-week low of $454.77 and a 52-week high of $626.45.

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).