Vanguard Information Technology ETF $VGT Shares Bought by Sovran Advisors LLC

Sovran Advisors LLC increased its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 731.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,961 shares of the exchange traded fund’s stock after buying an additional 25,478 shares during the period. Vanguard Information Technology ETF accounts for 1.6% of Sovran Advisors LLC’s holdings, making the stock its 9th biggest holding. Sovran Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $20,207,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Sagespring Wealth Partners LLC grew its position in shares of Vanguard Information Technology ETF by 71.0% during the 4th quarter. Sagespring Wealth Partners LLC now owns 3,388 shares of the exchange traded fund’s stock worth $2,554,000 after buying an additional 1,407 shares during the period. McClarren Financial Advisors Inc. lifted its position in shares of Vanguard Information Technology ETF by 62.7% during the 4th quarter. McClarren Financial Advisors Inc. now owns 6,468 shares of the exchange traded fund’s stock valued at $4,875,000 after acquiring an additional 2,492 shares during the period. Magnolia Wealth Management LLC acquired a new position in shares of Vanguard Information Technology ETF during the 3rd quarter valued at $13,669,000. Allworth Financial LP boosted its stake in Vanguard Information Technology ETF by 7.7% during the third quarter. Allworth Financial LP now owns 13,603 shares of the exchange traded fund’s stock worth $10,157,000 after acquiring an additional 969 shares in the last quarter. Finally, Cypress Wealth Services LLC bought a new position in Vanguard Information Technology ETF during the fourth quarter worth $1,160,000.

Vanguard Information Technology ETF Stock Up 0.3%

NYSEARCA:VGT traded up $0.37 during trading hours on Friday, reaching $118.08. The company had a trading volume of 3,827,990 shares, compared to its average volume of 4,656,782. Vanguard Information Technology ETF has a twelve month low of $83.00 and a twelve month high of $126.00. The firm has a market cap of $144.76 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34. The business’s 50-day simple moving average is $115.97 and its two-hundred day simple moving average is $101.34.

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). This GICS sector is made up of companies in three areas: technology software and services, including companies that develop software in various fields (such as the Internet, applications, systems, databases, and/or home entertainment), and companies that provide information technology consulting and services, data processing, and outsourced services; technology hardware and equipment, including manufacturers and distributors of communications equipment, computers and peripherals and electronic equipment, and semiconductors and semiconductor equipment manufacturers.