Exchange Traded Concepts LLC Raises Stock Position in Vanguard Information Technology ETF $VGT

Exchange Traded Concepts LLC boosted its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 21.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,834 shares of the exchange traded fund’s stock after purchasing an additional 1,710 shares during the period. Exchange Traded Concepts LLC’s holdings in Vanguard Information Technology ETF were worth $7,413,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in VGT. Accurate Wealth Management LLC boosted its stake in shares of Vanguard Information Technology ETF by 5.0% in the 4th quarter. Accurate Wealth Management LLC now owns 1,523 shares of the exchange traded fund’s stock worth $1,160,000 after buying an additional 72 shares during the last quarter. Net Worth Advisory Group purchased a new stake in Vanguard Information Technology ETF during the fourth quarter valued at $331,000. LongView Wealth Management increased its position in Vanguard Information Technology ETF by 6.7% during the fourth quarter. LongView Wealth Management now owns 399 shares of the exchange traded fund’s stock valued at $306,000 after acquiring an additional 25 shares during the last quarter. Parsons Capital Management Inc. RI lifted its holdings in Vanguard Information Technology ETF by 16.0% in the fourth quarter. Parsons Capital Management Inc. RI now owns 1,369 shares of the exchange traded fund’s stock valued at $1,032,000 after acquiring an additional 189 shares during the period. Finally, McClarren Financial Advisors Inc. lifted its holdings in Vanguard Information Technology ETF by 62.7% in the fourth quarter. McClarren Financial Advisors Inc. now owns 6,468 shares of the exchange traded fund’s stock valued at $4,875,000 after acquiring an additional 2,492 shares during the period.

Vanguard Information Technology ETF Stock Performance

Shares of NYSEARCA:VGT opened at $681.00 on Monday. The stock’s 50-day simple moving average is $733.80 and its two-hundred day simple moving average is $748.31. The stock has a market capitalization of $101.90 billion, a price-to-earnings ratio of 34.55 and a beta of 1.25. Vanguard Information Technology ETF has a 52-week low of $451.00 and a 52-week high of $806.99.

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). 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.