Carnegie Investment Counsel Increases Stake in Vanguard Information Technology ETF

Carnegie Investment Counsel has increased its stake in the Vanguard Information Technology ETF (NYSEARCA:VGT), as reported in their latest 13F filing with the SEC. The investment firm has raised its holding by 5.4% during the fourth quarter, meaning they now own a total of 2,269 shares after acquiring an additional 117 shares during this period.

The value of Carnegie Investment Counsel's holdings in the Vanguard Information Technology ETF was approximately $1,411,000 at the time of their most recent filing with the SEC.

In addition to Carnegie Investment Counsel, other institutional investors have also been making adjustments to their investments in this ETF. For instance, St. Johns Investment Management Company LLC and Peterson Financial Group Inc. each obtained new stakes valued at around $30,000 in the third quarter. Coastline Trust Co invested approximately $32,000, while Halpern Financial Inc. made a new investment worth about $33,000 during the same quarter. Additionally, Migdal Insurance & Financial Holdings Ltd. increased its stake by 107.1%, acquiring 58 shares valued at $34,000 after adding 30 new shares in that time frame.

Current Performance of Vanguard Information Technology ETF

Vanguard Information Technology ETF shares were trading at $627.47 recently. The fund boasts a market capitalization of $79.01 billion, a price-to-earnings ratio of 36.30, and a beta of 1.41. Its 50-day simple moving average stands at $627.16, while its 200-day simple moving average is $594.83. The ETF's stock has experienced a yearly low of $478.25 and a high of $648.66.

Overview of Vanguard Information Technology ETF

The Vanguard Information Technology ETF aims to track the performance of the MSCI US Investable Market Information Technology 25/50 Index. This index serves as a benchmark for large-, mid-, and small-cap stocks within the United States information technology sector, as classified under the Global Industry Classification Standard (GICS).

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ETF, Investment, Finance