Morangie Management LLC Takes $265,000 Position in Vanguard Information Technology ETF $VGT

Morangie Management LLC acquired a new stake in Vanguard Information Technology ETF (NYSEARCA:VGT) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 400 shares of the exchange traded fund’s stock, valued at approximately $265,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VGT. MKT Advisors LLC increased its stake in shares of Vanguard Information Technology ETF by 17.1% in the 2nd quarter. MKT Advisors LLC now owns 659 shares of the exchange traded fund’s stock valued at $433,000 after purchasing an additional 96 shares in the last quarter. Cadent Capital Advisors LLC increased its stake in shares of Vanguard Information Technology ETF by 2.2% in the 2nd quarter. Cadent Capital Advisors LLC now owns 1,790 shares of the exchange traded fund’s stock valued at $1,187,000 after purchasing an additional 39 shares in the last quarter. Register Financial Advisors LLC purchased a new stake in shares of Vanguard Information Technology ETF in the second quarter valued at approximately $110,000. Dakota Wealth Management increased its position in shares of Vanguard Information Technology ETF by 6.5% in the second quarter. Dakota Wealth Management now owns 6,442 shares of the exchange traded fund’s stock valued at $4,273,000 after buying an additional 395 shares in the last quarter. Finally, Perigon Wealth Management LLC increased its position in shares of Vanguard Information Technology ETF by 26.8% in the second quarter. Perigon Wealth Management LLC now owns 28,264 shares of the exchange traded fund’s stock valued at $18,747,000 after buying an additional 5,977 shares in the last quarter.

Vanguard Information Technology ETF Stock Performance

Shares of NYSEARCA VGT opened at $736.83 on Friday. The firm has a market cap of $104.59 billion, a PE ratio of 34.55 and a beta of 1.16. The firm has a fifty day moving average of $702.75 and a 200 day moving average of $628.05. Vanguard Information Technology ETF has a one year low of $451.00 and a one year high of $753.59.

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).