Lowe Brockenbrough & Co. Inc. Boosts Stock Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Lowe Brockenbrough & Co. Inc. grew its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 26.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 29,850 shares of the exchange traded fund’s stock after acquiring an additional 6,249 shares during the period. Vanguard Information Technology ETF accounts for 1.1% of Lowe Brockenbrough & Co. Inc.’s portfolio, making the stock its 20th biggest position. Lowe Brockenbrough & Co. Inc.’s holdings in Vanguard Information Technology ETF were worth $17,535,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. St. Johns Investment Management Company LLC bought a new stake in Vanguard Information Technology ETF in the third quarter valued at about $30,000. Triad Wealth Partners LLC acquired a new position in shares of Vanguard Information Technology ETF in the 2nd quarter worth approximately $32,000. Bell Investment Advisors Inc bought a new stake in shares of Vanguard Information Technology ETF in the 2nd quarter valued at approximately $33,000. Halpern Financial Inc. acquired a new stake in shares of Vanguard Information Technology ETF during the 3rd quarter valued at approximately $33,000. Finally, Family Firm Inc. bought a new position in Vanguard Information Technology ETF during the second quarter worth $35,000.

Vanguard Information Technology ETF Price Performance

VGT stock opened at $586.62 on Friday. The firm has a market cap of $73.87 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41. Vanguard Information Technology ETF has a 1-year low of $418.22 and a 1-year high of $612.05. The firm has a fifty day moving average price of $580.74 and a two-hundred day moving average price of $561.02.

Vanguard Information Technology ETF 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).