Davis Investment Partners LLC Has $3.91 Million Stock Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

Davis Investment Partners LLC boosted its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 1.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,454 shares of the exchange traded fund’s stock after acquiring an additional 124 shares during the period. Vanguard Information Technology ETF makes up approximately 1.7% of Davis Investment Partners LLC’s investment portfolio, making the stock its 10th largest holding. Davis Investment Partners LLC’s holdings in Vanguard Information Technology ETF were worth $3,905,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VGT. Zions Bancorporation N.A. increased its holdings in shares of Vanguard Information Technology ETF by 150.0% in the fourth quarter. Zions Bancorporation N.A. now owns 40 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 24 shares in the last quarter. Crowley Wealth Management Inc. acquired a new position in shares of Vanguard Information Technology ETF in the 4th quarter valued at approximately $27,000. Copia Wealth Management bought a new stake in Vanguard Information Technology ETF during the 4th quarter worth approximately $30,000. Kentucky Trust Co bought a new stake in Vanguard Information Technology ETF during the 4th quarter worth approximately $31,000. Finally, Briaud Financial Planning Inc acquired a new stake in Vanguard Information Technology ETF during the 4th quarter worth approximately $31,000.

Vanguard Information Technology ETF Stock Performance

Shares of VGT opened at $629.27 on Thursday. The firm has a market cap of $88.74 billion, a P/E ratio of 35.89 and a beta of 1.24. Vanguard Information Technology ETF has a twelve month low of $451.00 and a twelve month high of $648.76. The firm’s 50 day moving average price is $567.75 and its two-hundred day moving average price is $594.87.

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).