Hobart Private Capital LLC Has $12.38 Million Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

Hobart Private Capital LLC cut its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,913 shares of the exchange traded fund’s stock after selling 252 shares during the quarter. Vanguard Information Technology ETF comprises 3.1% of Hobart Private Capital LLC’s investment portfolio, making the stock its 8th biggest holding. Hobart Private Capital LLC’s holdings in Vanguard Information Technology ETF were worth $12,382,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VGT. JPMorgan Chase & Co. lifted its holdings in shares of Vanguard Information Technology ETF by 10.0% during the third quarter. JPMorgan Chase & Co. now owns 5,494,335 shares of the exchange traded fund’s stock valued at $3,222,539,000 after purchasing an additional 501,703 shares during the last quarter. Strategic Financial Concepts LLC raised its stake in Vanguard Information Technology ETF by 39,912.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,232,769 shares of the exchange traded fund’s stock valued at $766,536,000 after buying an additional 1,229,688 shares during the last quarter. LPL Financial LLC boosted its holdings in Vanguard Information Technology ETF by 2.3% in the third quarter. LPL Financial LLC now owns 1,188,742 shares of the exchange traded fund’s stock worth $697,221,000 after acquiring an additional 26,845 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Vanguard Information Technology ETF by 311.5% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 674,791 shares of the exchange traded fund’s stock worth $419,585,000 after acquiring an additional 510,798 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in shares of Vanguard Information Technology ETF by 4.2% in the third quarter. Stifel Financial Corp now owns 390,136 shares of the exchange traded fund’s stock worth $228,842,000 after acquiring an additional 15,742 shares during the last quarter.

Vanguard Information Technology ETF Price Performance

VGT opened at $621.05 on Friday. The firm has a market cap of $78.20 billion, a PE ratio of 36.30 and a beta of 1.41. The stock has a 50-day moving average price of $629.57 and a 200-day moving average price of $598.17. Vanguard Information Technology ETF has a 1 year low of $478.25 and a 1 year high of $648.76.

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).