Mascagni Wealth Management Inc. Buys 7,121 Shares of Vanguard Information Technology ETF $VGT

Mascagni Wealth Management Inc. raised its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 700.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 8,138 shares of the exchange traded fund’s stock after purchasing an additional 7,121 shares during the quarter. Mascagni Wealth Management Inc.’s holdings in Vanguard Information Technology ETF were worth $973,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in VGT. Kingdom Financial Group LLC. purchased a new stake in shares of Vanguard Information Technology ETF in the 4th quarter worth approximately $27,000. Wells Financial Advisors INC bought a new stake in Vanguard Information Technology ETF in the fourth quarter worth $29,000. RHL Group LLC purchased a new stake in shares of Vanguard Information Technology ETF in the fourth quarter worth $31,000. Jessup Wealth Management Inc bought a new stake in Vanguard Information Technology ETF during the 4th quarter valued at about $31,000. Finally, GW&K Investment Management LLC raised its holdings in Vanguard Information Technology ETF by 100.0% in the 4th quarter. GW&K Investment Management LLC now owns 42 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 21 shares during the last quarter.

Vanguard Information Technology ETF Stock Performance

NYSEARCA VGT opened at $118.42 on Friday. The stock has a 50-day moving average of $116.99 and a 200 day moving average of $105.96. Vanguard Information Technology ETF has a one year low of $83.09 and a one year high of $126.00. The company has a market capitalization of $145.17 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34.

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). 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.