Carnegie Investment Counsel Purchases Shares of Vanguard Information Technology ETF

Carnegie Investment Counsel has increased its investment in the Vanguard Information Technology ETF (NYSEARCA:VGT) by 5.4% during the fourth quarter, according to reports from Holdings Channel. The firm now holds a total of 2,269 shares of the ETF after acquiring an additional 117 shares during this period. As per its latest filing with the Securities and Exchange Commission, Carnegie Investment Counsel's investment in VGT is valued at approximately $1,411,000.

In addition to Carnegie Investment Counsel, other institutional investors and hedge funds have also recently engaged in buying and selling shares of the Vanguard Information Technology ETF. For example, St. Johns Investment Management Company LLC established a new stake in VGT during the third quarter, worth around $30,000. Similarly, Peterson Financial Group Inc. invested in a new position in VGT, also during the third quarter, approximately valued at $30,000. Coastline Trust Co and Halpern Financial Inc. also made new acquisitions in VGT worth about $32,000 and $33,000, respectively. Moreover, Migdal Insurance & Financial Holdings Ltd. increased its position in the ETF by 107.1% in the same timeframe, acquiring 58 shares valued at $34,000 after purchasing an additional 30 shares.

Recent Performance of Vanguard Information Technology ETF

On Friday, shares of the Vanguard Information Technology ETF traded up by 1.5%, opening at a price of $627.47. Over the last year, the ETF has reached a low of $478.25 and a high of $648.66, indicating some market fluctuations. Currently, VGT boasts a market capitalization of $79.01 billion, a price-to-earnings ratio of 36.30, and a beta of 1.41. The ETF also has a 50-day moving average price of $627.16 and a two-hundred day moving average price of $594.83, reflecting its ongoing performance trends.

Understanding Vanguard Information Technology ETF

The Vanguard Information Technology ETF is designed to track the performance of the MSCI US Investable Market Information Technology 25/50 Index. This index serves as a benchmark, encompassing large, mid, and small-cap stocks within the United States that are categorized in the information technology sector, per the Global Industry Classification Standard (GICS).

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Interested in tracking other hedge fund movements regarding VGT? You can find more information about the latest 13F filings and insider trades associated with Vanguard Information Technology ETF at HoldingsChannel.com.

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