Stonegate Investment Group LLC Buys New Shares in Vanguard Information Technology ETF (NYSEARCA:VGT)

Stonegate Investment Group LLC bought a new stake in Vanguard Information Technology ETF (NYSEARCA:VGT) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,140 shares of the exchange traded fund’s stock, valued at approximately $618,000.

A number of other hedge funds and other institutional investors have also modified their holdings of VGT. Raymond James Financial Inc. acquired a new stake in shares of Vanguard Information Technology ETF in the fourth quarter valued at about $494,903,000. JPMorgan Chase & Co. increased its position in Vanguard Information Technology ETF by 4.9% during the fourth quarter. JPMorgan Chase & Co. now owns 5,765,957 shares of the exchange traded fund’s stock worth $3,585,273,000 after buying an additional 271,622 shares during the last quarter. Russell Investments Group Ltd. increased its position in Vanguard Information Technology ETF by 201,628.9% during the fourth quarter. Russell Investments Group Ltd. now owns 229,971 shares of the exchange traded fund’s stock worth $142,996,000 after buying an additional 229,857 shares during the last quarter. GAMMA Investing LLC increased its position in Vanguard Information Technology ETF by 54,138.1% during the first quarter. GAMMA Investing LLC now owns 216,410 shares of the exchange traded fund’s stock worth $117,376,000 after buying an additional 216,011 shares during the last quarter. Finally, Wealthfront Advisers LLC increased its position in Vanguard Information Technology ETF by 621.3% during the fourth quarter. Wealthfront Advisers LLC now owns 216,100 shares of the exchange traded fund’s stock worth $134,371,000 after buying an additional 186,139 shares during the last quarter.

Vanguard Information Technology ETF Stock Down 0.4%

Shares of NYSEARCA VGT opened at $628.48 on Friday. The business’s 50 day moving average price is $585.60 and its two-hundred day moving average price is $594.88. The company has a market cap of $88.63 billion, a PE ratio of 35.89 and a beta of 1.24. Vanguard Information Technology ETF has a twelve month low of $451.00 and a twelve month high of $648.76.

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).