Meridian Wealth Management LLC Increases Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

Meridian Wealth Management LLC lifted its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 221.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,694 shares of the exchange traded fund’s stock after buying an additional 1,857 shares during the quarter. Meridian Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $1,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. St. Johns Investment Management Company LLC purchased a new position in shares of Vanguard Information Technology ETF during the third quarter valued at about $30,000. Peterson Financial Group Inc. purchased a new stake in Vanguard Information Technology ETF in the third quarter worth about $30,000. Triad Wealth Partners LLC purchased a new stake in Vanguard Information Technology ETF in the second quarter worth about $32,000. Coastline Trust Co purchased a new stake in Vanguard Information Technology ETF in the third quarter worth about $32,000. Finally, Bell Investment Advisors Inc purchased a new stake in Vanguard Information Technology ETF in the second quarter worth about $33,000.

Vanguard Information Technology ETF Stock Performance

Shares of VGT opened at $621.58 on Friday. The stock has a market cap of $78.27 billion, a PE ratio of 36.30 and a beta of 1.41. Vanguard Information Technology ETF has a fifty-two week low of $454.77 and a fifty-two week high of $626.45. The firm’s 50-day simple moving average is $596.82 and its two-hundred day simple moving average is $573.07.

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).