MOR Wealth Management LLC Invests $1.20 Million in Vanguard Information Technology ETF $VGT

MOR Wealth Management LLC acquired a new stake in Vanguard Information Technology ETF (NYSEARCA:VGT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,587 shares of the exchange traded fund’s stock, valued at approximately $1,196,000. Vanguard Information Technology ETF accounts for 0.5% of MOR Wealth Management LLC’s portfolio, making the stock its 28th biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. China Universal Asset Management Co. Ltd. lifted its stake in Vanguard Information Technology ETF by 110.5% in the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 40 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 21 shares in the last quarter. Strategic Advocates LLC bought a new position in shares of Vanguard Information Technology ETF in the third quarter worth $30,000. First Command Advisory Services Inc. purchased a new stake in shares of Vanguard Information Technology ETF in the third quarter worth $31,000. Semmax Financial Advisors Inc. bought a new stake in Vanguard Information Technology ETF during the second quarter valued at $31,000. Finally, Palisade Asset Management LLC purchased a new position in Vanguard Information Technology ETF during the third quarter worth about $34,000.

Vanguard Information Technology ETF Price Performance

Shares of NYSEARCA VGT opened at $681.00 on Monday. The stock’s 50-day simple moving average is $733.80 and its two-hundred day simple moving average is $748.31. Vanguard Information Technology ETF has a twelve month low of $451.00 and a twelve month high of $806.99. The firm has a market capitalization of $101.90 billion, a P/E ratio of 34.55 and a beta of 1.25.

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.