Vanguard Information Technology ETF (NYSEARCA:VGT) Stake Boosted by Tradition Wealth Management LLC

Tradition Wealth Management LLC increased its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 20.7% during the 4th quarter, HoldingsChannel reports. The firm owned 2,482 shares of the exchange traded fund’s stock after acquiring an additional 425 shares during the period. Tradition Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $1,543,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in VGT. Strategic Financial Concepts LLC lifted its holdings 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 worth $766,536,000 after purchasing an additional 1,229,688 shares during the period. Raymond James Financial Inc. bought a new position in shares of Vanguard Information Technology ETF in the fourth quarter valued at approximately $494,903,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Vanguard Information Technology ETF by 311.5% during 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 acquiring an additional 510,798 shares during the period. JPMorgan Chase & Co. raised its holdings in Vanguard Information Technology ETF by 10.0% during the third quarter. JPMorgan Chase & Co. now owns 5,494,335 shares of the exchange traded fund’s stock worth $3,222,539,000 after purchasing an additional 501,703 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position 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 worth $142,996,000 after purchasing an additional 229,857 shares during the period.

Vanguard Information Technology ETF Stock Performance

Shares of VGT stock opened at $505.53 on Monday. Vanguard Information Technology ETF has a 1 year low of $451.00 and a 1 year high of $648.76. The business’s fifty day moving average is $562.40 and its 200-day moving average is $599.41. The stock has a market cap of $70.40 billion, a PE ratio of 32.38 and a beta of 1.23.

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).