Cascades Capital Asset Management LLC Takes Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Cascades Capital Asset Management LLC bought a new stake in Vanguard Information Technology ETF (NYSEARCA:VGT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,229 shares of the exchange traded fund’s stock, valued at approximately $764,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Russell Investments Group Ltd. boosted its holdings in Vanguard Information Technology ETF by 201,628.9% in the fourth quarter. Russell Investments Group Ltd. now owns 229,971 shares of the exchange traded fund’s stock valued at $142,996,000 after purchasing an additional 229,857 shares during the last quarter. Wedbush Securities Inc. raised its position in shares of Vanguard Information Technology ETF by 17.1% in the 4th quarter. Wedbush Securities Inc. now owns 21,074 shares of the exchange traded fund’s stock valued at $13,104,000 after purchasing an additional 3,079 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Vanguard Information Technology ETF by 10.5% during the 4th quarter. Wells Fargo & Company MN now owns 1,514,592 shares of the exchange traded fund’s stock valued at $941,773,000 after buying an additional 144,217 shares during the last quarter. Leeward Financial Partners LLC grew its position in shares of Vanguard Information Technology ETF by 6.2% during the fourth quarter. Leeward Financial Partners LLC now owns 28,456 shares of the exchange traded fund’s stock worth $17,694,000 after buying an additional 1,666 shares in the last quarter. Finally, Smith Moore & CO. raised its holdings in Vanguard Information Technology ETF by 12.1% in the fourth quarter. Smith Moore & CO. now owns 4,795 shares of the exchange traded fund’s stock valued at $2,981,000 after acquiring an additional 518 shares in the last quarter.

Vanguard Information Technology ETF Stock Performance

VGT opened at $478.60 on Friday. The company has a market capitalization of $66.65 billion, a P/E ratio of 32.38 and a beta of 1.23. The company has a 50-day moving average of $589.52 and a 200-day moving average of $605.17. Vanguard Information Technology ETF has a 1-year low of $476.31 and a 1-year high of $648.76.

Vanguard Information Technology ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were issued a $0.7294 dividend. The ex-dividend date of this dividend was Tuesday, March 25th.

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).