Traynor Capital Management Inc. Purchases 376 Shares of Vanguard Information Technology ETF (NYSEARCA:VGT)

Traynor Capital Management Inc. lifted its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 36.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,403 shares of the exchange traded fund’s stock after buying an additional 376 shares during the quarter. Traynor Capital Management Inc.’s holdings in Vanguard Information Technology ETF were worth $872,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Morton Capital Management LLC CA grew its holdings in Vanguard Information Technology ETF by 4.3% in the third quarter. Morton Capital Management LLC CA now owns 410 shares of the exchange traded fund’s stock worth $241,000 after purchasing an additional 17 shares during the last quarter. Signaturefd LLC grew its stake in Vanguard Information Technology ETF by 1.1% during the 3rd quarter. Signaturefd LLC now owns 1,528 shares of the exchange traded fund’s stock worth $896,000 after buying an additional 17 shares during the last quarter. Corbyn Investment Management Inc. MD increased its position in Vanguard Information Technology ETF by 1.1% during the 3rd quarter. Corbyn Investment Management Inc. MD now owns 1,605 shares of the exchange traded fund’s stock valued at $941,000 after buying an additional 17 shares in the last quarter. Sovereign Financial Group Inc. raised its stake in Vanguard Information Technology ETF by 0.9% in the fourth quarter. Sovereign Financial Group Inc. now owns 2,015 shares of the exchange traded fund’s stock valued at $1,253,000 after buying an additional 17 shares during the last quarter. Finally, Frank Rimerman Advisors LLC boosted its holdings in Vanguard Information Technology ETF by 3.6% in the third quarter. Frank Rimerman Advisors LLC now owns 512 shares of the exchange traded fund’s stock worth $300,000 after acquiring an additional 18 shares in the last quarter.

Vanguard Information Technology ETF Stock Performance

Shares of VGT stock opened at $645.27 on Thursday. The firm has a market capitalization of $81.25 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41. The stock’s 50-day simple moving average is $627.46 and its 200-day simple moving average is $595.41. Vanguard Information Technology ETF has a fifty-two week low of $478.25 and a fifty-two week high of $648.66.

Vanguard Information Technology ETF Profile

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).