Bessemer Group Inc. Buys 4,994 Shares of Vanguard Information Technology ETF $VGT

Bessemer Group Inc. lifted its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 79.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,319 shares of the exchange traded fund’s stock after buying an additional 4,994 shares during the period. Bessemer Group Inc.’s holdings in Vanguard Information Technology ETF were worth $7,899,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of VGT. Kingdom Financial Group LLC. bought a new stake in Vanguard Information Technology ETF during the 4th quarter worth $27,000. Wells Financial Advisors INC bought a new position in Vanguard Information Technology ETF in the fourth quarter valued at about $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Vanguard Information Technology ETF in the fourth quarter valued at about $30,000. RHL Group LLC acquired a new stake in shares of Vanguard Information Technology ETF during the fourth quarter valued at about $31,000. Finally, Jessup Wealth Management Inc acquired a new stake in shares of Vanguard Information Technology ETF during the fourth quarter valued at about $31,000.

Vanguard Information Technology ETF Stock Performance

NYSEARCA:VGT opened at $113.10 on Monday. The stock has a market cap of $138.65 billion, a P/E ratio of 34.55 and a beta of 1.34. The stock’s 50-day moving average is $116.67 and its 200-day moving average is $102.08. Vanguard Information Technology ETF has a 1-year low of $83.09 and a 1-year high of $126.00.

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). 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.