Vanguard Information Technology ETF (NYSEARCA:VGT) Shares Bought by Valley National Advisers Inc.

Valley National Advisers Inc. grew its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 10.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,458 shares of the exchange traded fund’s stock after buying an additional 883 shares during the quarter. Valley National Advisers Inc.’s holdings in Vanguard Information Technology ETF were worth $4,959,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Bfsg LLC acquired a new position in shares of Vanguard Information Technology ETF in the fourth quarter worth about $27,000. Signature Resources Capital Management LLC purchased a new position in Vanguard Information Technology ETF during the fourth quarter worth approximately $28,000. OLD Second National Bank of Aurora acquired a new stake in Vanguard Information Technology ETF in the fourth quarter valued at approximately $29,000. Richardson Capital Management LLC acquired a new stake in Vanguard Information Technology ETF in the first quarter valued at approximately $29,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Vanguard Information Technology ETF in the first quarter valued at approximately $34,000.

Vanguard Information Technology ETF Stock Up 1.2 %

Shares of VGT stock traded up $6.77 during trading hours on Wednesday, hitting $592.89. 378,046 shares of the company’s stock were exchanged, compared to its average volume of 456,245. The firm has a 50 day moving average of $543.23 and a two-hundred day moving average of $518.16. Vanguard Information Technology ETF has a fifty-two week low of $397.76 and a fifty-two week high of $593.10. The firm has a market cap of $74.66 billion, a P/E ratio of 36.30 and a beta of 1.41.

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).