Gerber Kawasaki Wealth & Investment Management Raises Stock Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Gerber Kawasaki Wealth & Investment Management grew its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 11.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,047 shares of the exchange traded fund’s stock after buying an additional 104 shares during the period. Gerber Kawasaki Wealth & Investment Management’s holdings in Vanguard Information Technology ETF were worth $651,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Zions Bancorporation N.A. grew its holdings in shares of Vanguard Information Technology ETF by 150.0% during the fourth quarter. Zions Bancorporation N.A. now owns 40 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 24 shares during the last quarter. Crowley Wealth Management Inc. acquired a new stake in shares of Vanguard Information Technology ETF in the 4th quarter valued at about $27,000. Brooklyn Investment Group purchased a new position in Vanguard Information Technology ETF during the 4th quarter worth approximately $30,000. Kentucky Trust Co acquired a new position in Vanguard Information Technology ETF during the fourth quarter worth approximately $31,000. Finally, Briaud Financial Planning Inc acquired a new position in Vanguard Information Technology ETF during the fourth quarter worth approximately $31,000.

Vanguard Information Technology ETF Trading Up 1.5 %

VGT stock opened at $546.55 on Friday. The company has a market capitalization of $76.66 billion, a P/E ratio of 30.08 and a beta of 1.23. The business has a 50 day simple moving average of $550.63 and a 200-day simple moving average of $596.94. Vanguard Information Technology ETF has a twelve month low of $451.00 and a twelve month high of $648.76.

Vanguard Information Technology ETF Company 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).