Axxcess Wealth Management LLC Has $2.14 Million Stock Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Axxcess Wealth Management LLC lowered its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,438 shares of the exchange traded fund’s stock after selling 122 shares during the period. Axxcess Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $2,138,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in VGT. Strategic Financial Concepts LLC boosted its position in Vanguard Information Technology ETF by 39,912.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,232,769 shares of the exchange traded fund’s stock valued at $766,536,000 after buying an additional 1,229,688 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Vanguard Information Technology ETF in the fourth quarter valued at approximately $494,903,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in Vanguard Information Technology ETF by 311.5% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 674,791 shares of the exchange traded fund’s stock valued at $419,585,000 after buying an additional 510,798 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Vanguard Information Technology ETF by 10.0% in the third quarter. JPMorgan Chase & Co. now owns 5,494,335 shares of the exchange traded fund’s stock valued at $3,222,539,000 after buying an additional 501,703 shares in the last quarter. Finally, Wealthfront Advisers LLC boosted its position in Vanguard Information Technology ETF by 621.3% in the fourth quarter. Wealthfront Advisers LLC now owns 216,100 shares of the exchange traded fund’s stock valued at $134,371,000 after buying an additional 186,139 shares in the last quarter.

Vanguard Information Technology ETF Stock Performance

VGT stock opened at $565.88 on Thursday. The company has a fifty day moving average price of $608.42 and a 200-day moving average price of $606.07. The company has a market capitalization of $78.82 billion, a P/E ratio of 33.62 and a beta of 1.17. Vanguard Information Technology ETF has a 52-week low of $478.25 and a 52-week high of $648.76.

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).