Apollon Wealth Management LLC Acquires 693 Shares of Vanguard Information Technology ETF $VGT

Apollon Wealth Management LLC boosted its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,140 shares of the exchange traded fund’s stock after acquiring an additional 693 shares during the quarter. Vanguard Information Technology ETF accounts for about 0.9% of Apollon Wealth Management LLC’s investment portfolio, making the stock its 20th biggest position. Apollon Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $50,129,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in VGT. China Universal Asset Management Co. Ltd. boosted its holdings in Vanguard Information Technology ETF by 110.5% during the second quarter. China Universal Asset Management Co. Ltd. now owns 40 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 21 shares in the last quarter. Semmax Financial Advisors Inc. bought a new position in shares of Vanguard Information Technology ETF during the 2nd quarter worth approximately $31,000. Kilter Group LLC acquired a new stake in Vanguard Information Technology ETF in the 2nd quarter valued at $37,000. Sawyer & Company Inc bought a new stake in Vanguard Information Technology ETF in the second quarter valued at $38,000. Finally, Rice Partnership LLC bought a new stake in Vanguard Information Technology ETF in the second quarter valued at $40,000.

Vanguard Information Technology ETF Stock Performance

Shares of NYSEARCA VGT opened at $767.17 on Friday. Vanguard Information Technology ETF has a 52-week low of $451.00 and a 52-week high of $806.99. The business has a fifty day moving average of $761.43 and a two-hundred day moving average of $719.87. The stock has a market cap of $113.50 billion, a PE 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.