Pinnacle Wealth Management Advisory Group LLC Boosts Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

Pinnacle Wealth Management Advisory Group LLC boosted its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 3.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 914 shares of the exchange traded fund’s stock after purchasing an additional 34 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Vanguard Information Technology ETF were worth $568,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brooklyn Investment Group bought a new stake in shares of Vanguard Information Technology ETF in the 4th quarter worth approximately $30,000. Kentucky Trust Co purchased a new stake in Vanguard Information Technology ETF in the fourth quarter worth $31,000. St. Johns Investment Management Company LLC bought a new stake in shares of Vanguard Information Technology ETF in the third quarter valued at $30,000. Peterson Financial Group Inc. purchased a new position in shares of Vanguard Information Technology ETF during the 3rd quarter valued at $30,000. Finally, Coastline Trust Co purchased a new position in shares of Vanguard Information Technology ETF during the 3rd quarter valued at $32,000.

Vanguard Information Technology ETF Stock Performance

Shares of VGT opened at $639.87 on Monday. The firm has a market cap of $80.57 billion, a P/E ratio of 36.30 and a beta of 1.41. Vanguard Information Technology ETF has a fifty-two week low of $478.25 and a fifty-two week high of $648.76. The business has a 50-day moving average of $628.98 and a 200 day moving average of $600.90.

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).