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Sequoia Financial Advisors LLC raised its stake in Vanguard Information Technology ETF (NYSEARCA:VGT – Free Report) by 23.7% during the fourth quarter, the company said in a recent filing with the Securities and Exchange Commission. The institutional investor owns 3,044 shares of the ETF after purchasing an additional 584 shares during the quarter. Sequoia Financial Advisors LLC held shares in Vanguard Information Technology ETF worth $1,473,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of VGT shares. Fairfield Bush & CO. purchased a new position in Vanguard Information Technology ETF during the first quarter worth approximately $84,000. AMI Investment Management Inc. increased its holdings in the Vanguard Information Technology ETF by 5.9% in the first quarter. AMI Investment Management Inc. now owns 47,612 shares of the ETF stock valued at $19,829,000 after purchasing an additional 2,662 shares during the last quarter. Empirical Financial Services LLC dba Empirical Wealth Management raised its position in the Vanguard Information Technology ETF by 40.4% in the first quarter. Empirical Financial Services LLC dba Empirical Wealth Management now owns 650 shares of the ETF’s stock valued at $271,000 after acquiring an additional 187 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of Vanguard Information Technology ETF by 24.8% in the first quarter. Prudential Financial Inc. now owns 180,462 shares of the ETF stock valued at $75,159,000 after purchasing an additional 35,906 shares during the last quarter. Finally, Laurel Wealth Advisors Inc. raised its holdings in shares of Vanguard Information Technology ETF by 5.9% in the first quarter. Laurel Wealth Advisors Inc. now owns 5,085 shares of the ETF’s stock valued at $2,118,000 after purchasing an additional 283 shares during the last quarter.
Vanguard Information Technology ETF shares fell 1.8%
VGT shares opened Friday at $514.68. The Vanguard Information Technology ETF has a 12-month low of $368.39 and a 12-month high of $536.63. The company’s 50-day moving average is $518.17 and its 200-day moving average is $478.18. The company has a market capitalization of $61.47 billion, a P/E ratio of 24.70, and a beta value of 1.16.
Vanguard Information Technology ETF Company Profile
(free report)
The Vanguard Information Technology ETF seeks to track the investment performance of the MSCI U.S. Investable Markets Information Technology 25/50 Index, which is a benchmark for large, mid- and small-cap stocks in the U.S. information technology industry, classified under the Global Industry Classification Standard (GICS).
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