Ridgeline Wealth LLC Purchases New Position in Vanguard Information Technology ETF $VGT

Ridgeline Wealth LLC acquired a new position in Vanguard Information Technology ETF (NYSEARCA:VGT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,472 shares of the exchange traded fund’s stock, valued at approximately $774,000. Vanguard Information Technology ETF accounts for about 0.5% of Ridgeline Wealth LLC’s holdings, making the stock its 28th largest position.

A number of other hedge funds have also bought and sold shares of VGT. Kingdom Financial Group LLC. bought a new stake in Vanguard Information Technology ETF during the 4th quarter valued at $27,000. Wells Financial Advisors INC bought a new position in shares of Vanguard Information Technology ETF in the fourth quarter worth $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Vanguard Information Technology ETF in the fourth quarter worth $30,000. RHL Group LLC purchased a new position in shares of Vanguard Information Technology ETF in the fourth quarter valued at $31,000. Finally, Jessup Wealth Management Inc purchased a new position in shares of Vanguard Information Technology ETF in the fourth quarter valued at $31,000.

Vanguard Information Technology ETF Stock Performance

NYSEARCA:VGT opened at $120.15 on Wednesday. Vanguard Information Technology ETF has a 52-week low of $83.09 and a 52-week high of $126.00. The firm has a market cap of $147.29 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34. The business’s fifty day moving average is $116.60 and its 200 day moving average is $103.67.

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.