Summit Financial LLC Takes $232,000 Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Summit Financial LLC acquired a new stake in Vanguard Information Technology ETF (NYSEARCA:VGT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 480 shares of the exchange traded fund’s stock, valued at approximately $232,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bfsg LLC acquired a new stake in Vanguard Information Technology ETF during the fourth quarter worth about $27,000. OLD Second National Bank of Aurora acquired a new position in Vanguard Information Technology ETF during the 4th quarter worth $29,000. Wetzel Investment Advisors Inc. bought a new position in Vanguard Information Technology ETF during the 4th quarter worth approximately $36,000. Aspire Private Capital LLC acquired a new position in shares of Vanguard Information Technology ETF in the 3rd quarter valued at about $37,000. Finally, Horizons Wealth Management acquired a new position in Vanguard Information Technology ETF during the 4th quarter valued at approximately $37,000.

Vanguard Information Technology ETF Trading Up 2.7 %

NYSEARCA VGT opened at $509.41 on Friday. Vanguard Information Technology ETF has a 52 week low of $374.85 and a 52 week high of $536.63. The stock has a market cap of $64.14 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41. The company has a 50-day moving average price of $514.09 and a two-hundred day moving average price of $485.14.

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).