Evanson Financial LLC Makes New $2.95 Million Investment in Vanguard Information Technology ETF $VGT

Evanson Financial LLC purchased a new stake in Vanguard Information Technology ETF (NYSEARCA:VGT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 24,658 shares of the exchange traded fund’s stock, valued at approximately $2,947,000.

Other hedge funds also recently made changes to their positions in the company. Kingdom Financial Group LLC. bought a new position in shares of Vanguard Information Technology ETF during the 4th quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Vanguard Information Technology ETF in the fourth quarter worth about $30,000. Wells Financial Advisors INC acquired a new position in Vanguard Information Technology ETF in the fourth quarter worth about $29,000. RHL Group LLC bought a new position in Vanguard Information Technology ETF during the fourth quarter worth about $31,000. Finally, Jessup Wealth Management Inc bought a new position in Vanguard Information Technology ETF during the fourth quarter worth about $31,000.

Vanguard Information Technology ETF Trading Down 0.1%

NYSEARCA VGT opened at $119.60 on Friday. The company has a market capitalization of $146.62 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34. Vanguard Information Technology ETF has a 1-year low of $83.09 and a 1-year high of $126.00. The stock’s 50 day moving average is $116.66 and its two-hundred day moving average is $104.02.

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). 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.