North Forty Two & Co. Purchases Shares of 1,610 Vanguard Information Technology ETF (NYSEARCA:VGT)

North Forty Two & Co. purchased a new stake in Vanguard Information Technology ETF (NYSEARCA:VGT) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,610 shares of the exchange traded fund’s stock, valued at approximately $1,001,000. Vanguard Information Technology ETF comprises 1.2% of North Forty Two & Co.’s investment portfolio, making the stock its 27th biggest position.

Other hedge funds also recently made changes to their positions in the company. Strategic Financial Concepts LLC raised its stake in shares of Vanguard Information Technology ETF by 39,912.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,232,769 shares of the exchange traded fund’s stock valued at $766,536,000 after acquiring an additional 1,229,688 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Vanguard Information Technology ETF in the 4th quarter valued at $494,903,000. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Vanguard Information Technology ETF by 311.5% in the 4th 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 stake in shares of Vanguard Information Technology ETF by 10.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,494,335 shares of the exchange traded fund’s stock valued at $3,222,539,000 after acquiring an additional 501,703 shares during the period. Finally, Wealthfront Advisers LLC raised its stake in shares of Vanguard Information Technology ETF by 621.3% in the 4th quarter. Wealthfront Advisers LLC now owns 216,100 shares of the exchange traded fund’s stock valued at $134,371,000 after acquiring an additional 186,139 shares during the period.

Vanguard Information Technology ETF Trading Down 1.4 %

Shares of VGT stock opened at $558.31 on Wednesday. The company’s fifty day simple moving average is $609.64 and its 200-day simple moving average is $606.35. Vanguard Information Technology ETF has a 52 week low of $478.25 and a 52 week high of $648.76. The company has a market cap of $77.76 billion, a PE ratio of 33.62 and a beta of 1.17.

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).