Cabot Wealth Management Inc. Makes New $9.41 Million Investment in Vanguard Information Technology ETF $VGT

Cabot Wealth Management Inc. purchased a new stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 78,766 shares of the exchange traded fund’s stock, valued at approximately $9,414,000.

Several other large investors have also recently modified their holdings of the stock. Kingdom Financial Group LLC. purchased a new stake in Vanguard Information Technology ETF during the 4th quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in Vanguard Information Technology ETF by 497.4% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 233 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 194 shares during the last quarter. Wells Financial Advisors INC bought a new position in shares of Vanguard Information Technology ETF in the fourth quarter worth approximately $29,000. RHL Group LLC bought a new position in shares of Vanguard Information Technology ETF in the fourth quarter worth approximately $31,000. Finally, Jessup Wealth Management Inc purchased a new position in shares of Vanguard Information Technology ETF in the fourth quarter worth $31,000.

Vanguard Information Technology ETF Stock Up 0.1%

Shares of VGT opened at $118.42 on Friday. The stock has a market capitalization of $145.17 billion, a P/E ratio of 34.55 and a beta of 1.34. Vanguard Information Technology ETF has a twelve month low of $83.09 and a twelve month high of $126.00. The firm has a fifty day simple moving average of $116.99 and a two-hundred day simple moving average of $105.96.

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.