Keudell Morrison Wealth Management Has $274,000 Stock Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Keudell Morrison Wealth Management raised its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 11.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 505 shares of the exchange traded fund’s stock after buying an additional 50 shares during the period. Keudell Morrison Wealth Management’s holdings in Vanguard Information Technology ETF were worth $274,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in VGT. Zions Bancorporation N.A. raised its stake in shares of Vanguard Information Technology ETF by 150.0% during the fourth quarter. Zions Bancorporation N.A. now owns 40 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 24 shares during the last quarter. Crowley Wealth Management Inc. bought a new position in Vanguard Information Technology ETF during the fourth quarter worth $27,000. Cordant Inc. bought a new position in Vanguard Information Technology ETF during the first quarter worth $28,000. Copia Wealth Management bought a new position in Vanguard Information Technology ETF during the fourth quarter worth $30,000. Finally, Briaud Financial Planning Inc bought a new position in Vanguard Information Technology ETF during the fourth quarter worth $31,000.

Vanguard Information Technology ETF Trading Up 1.1%

VGT opened at $635.15 on Tuesday. The company has a market cap of $89.57 billion, a P/E ratio of 35.89 and a beta of 1.24. The company has a fifty day moving average price of $587.83 and a two-hundred day moving average price of $594.49. Vanguard Information Technology ETF has a 1-year low of $451.00 and a 1-year high of $648.76.

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).