Newport Wealth Strategies Inc. Has $5.81 Million Holdings in Vanguard Information Technology ETF (VGT)

Newport Wealth Strategies Inc. raised its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 1.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,315 shares of the exchange traded fund’s stock after acquiring an additional 399 shares during the quarter. Vanguard Information Technology ETF makes up 7.4% of Newport Wealth Strategies Inc.’s portfolio, making the stock its 3rd biggest holding. Newport Wealth Strategies Inc.’s holdings in Vanguard Information Technology ETF were worth $5,805,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Brookstone Capital Management grew its position in shares of Vanguard Information Technology ETF by 22.9% during the third quarter. Brookstone Capital Management now owns 39,034 shares of the exchange traded fund’s stock worth $7,907,000 after purchasing an additional 7,263 shares in the last quarter. Nichols & Pratt Advisers LLP MA purchased a new stake in shares of Vanguard Information Technology ETF during the third quarter worth about $223,000. FineMark National Bank & Trust purchased a new stake in shares of Vanguard Information Technology ETF during the third quarter worth about $221,000. Bank of The West purchased a new stake in shares of Vanguard Information Technology ETF during the third quarter worth about $881,000. Finally, LVW Advisors LLC purchased a new stake in shares of Vanguard Information Technology ETF during the third quarter worth about $696,000.

NYSEARCA:VGT opened at $185.19 on Wednesday. Vanguard Information Technology ETF has a 12-month low of $157.96 and a 12-month high of $204.44.

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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).

Further Reading: How can investors find ex-dividend dates?

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Institutional Ownership by Quarter for Vanguard Information Technology ETF (NYSEARCA:VGT)

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