RAM Investment Partners LLC Raises Stock Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

RAM Investment Partners LLC grew its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 25.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,335 shares of the exchange traded fund’s stock after purchasing an additional 273 shares during the quarter. RAM Investment Partners LLC’s holdings in Vanguard Information Technology ETF were worth $770,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Beacon Capital Management Inc. grew its stake in Vanguard Information Technology ETF by 189.0% in the first quarter. Beacon Capital Management Inc. now owns 317,241 shares of the exchange traded fund’s stock worth $166,685,000 after purchasing an additional 207,468 shares during the period. Cetera Investment Advisers grew its position in shares of Vanguard Information Technology ETF by 665.9% in the 1st quarter. Cetera Investment Advisers now owns 236,855 shares of the exchange traded fund’s stock worth $124,193,000 after buying an additional 205,928 shares during the period. Annex Advisory Services LLC increased its stake in shares of Vanguard Information Technology ETF by 73.1% in the 4th quarter. Annex Advisory Services LLC now owns 188,711 shares of the exchange traded fund’s stock worth $91,337,000 after acquiring an additional 79,719 shares in the last quarter. Gratus Capital LLC lifted its position in Vanguard Information Technology ETF by 587.1% during the 4th quarter. Gratus Capital LLC now owns 90,337 shares of the exchange traded fund’s stock valued at $43,723,000 after acquiring an additional 77,189 shares during the period. Finally, Hollencrest Capital Management boosted its stake in Vanguard Information Technology ETF by 953.0% during the first quarter. Hollencrest Capital Management now owns 59,798 shares of the exchange traded fund’s stock worth $31,355,000 after acquiring an additional 54,119 shares in the last quarter.

Vanguard Information Technology ETF Trading Up 1.0 %

VGT traded up $5.81 during midday trading on Friday, reaching $573.88. The company’s stock had a trading volume of 281,995 shares, compared to its average volume of 475,242. Vanguard Information Technology ETF has a 1 year low of $397.76 and a 1 year high of $609.15. The stock’s 50-day moving average is $570.81 and its 200-day moving average is $540.94. The firm has a market capitalization of $72.26 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41.

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).