Lido Advisors LLC Buys 17,308 Shares of Vanguard Information Technology ETF $VGT

Lido Advisors LLC raised its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 8.6% during the first quarter, HoldingsChannel reports. The fund owned 218,616 shares of the exchange traded fund’s stock after buying an additional 17,308 shares during the period. Vanguard Information Technology ETF comprises approximately 0.5% of Lido Advisors LLC’s holdings, making the stock its 22nd largest position. Lido Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $152,534,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Kingdom Financial Group LLC. bought a new position in Vanguard Information Technology ETF in the 4th quarter worth about $27,000. Wells Financial Advisors INC purchased a new stake in Vanguard Information Technology ETF during the 4th quarter valued at about $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Vanguard Information Technology ETF during the 4th quarter valued at about $30,000. RHL Group LLC bought a new stake in Vanguard Information Technology ETF during the 4th quarter valued at about $31,000. Finally, Jessup Wealth Management Inc bought a new stake in Vanguard Information Technology ETF during the 4th quarter valued at about $31,000.

Vanguard Information Technology ETF Stock Performance

Shares of Vanguard Information Technology ETF stock opened at $115.62 on Thursday. The company has a 50-day simple moving average of $116.78 and a two-hundred day simple moving average of $102.51. The stock has a market capitalization of $141.74 billion, a PE ratio of 34.55 and a beta of 1.34. Vanguard Information Technology ETF has a 52-week low of $83.09 and a 52-week high of $126.00.

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). 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.