RFG Advisory LLC Raises Stock Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

RFG Advisory LLC raised its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 49.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,341 shares of the exchange traded fund’s stock after buying an additional 1,112 shares during the period. RFG Advisory LLC’s holdings in Vanguard Information Technology ETF were worth $2,077,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in Vanguard Information Technology ETF by 10.0% in 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 buying an additional 501,703 shares in the last quarter. LPL Financial LLC increased 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 valued at $697,221,000 after buying an additional 26,845 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Vanguard Information Technology ETF by 3.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 506,703 shares of the exchange traded fund’s stock valued at $292,185,000 after buying an additional 17,933 shares in the last quarter. Stifel Financial Corp increased its holdings in 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 valued at $228,842,000 after buying an additional 15,742 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in Vanguard Information Technology ETF by 1.1% in the third quarter. HighTower Advisors LLC now owns 332,140 shares of the exchange traded fund’s stock valued at $194,842,000 after buying an additional 3,774 shares in the last quarter.

Vanguard Information Technology ETF Price Performance

Shares of VGT opened at $640.13 on Friday. The firm has a 50 day simple moving average of $628.53 and a 200-day simple moving average of $596.11. Vanguard Information Technology ETF has a 1-year low of $478.25 and a 1-year high of $648.76. The stock has a market cap of $80.61 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41.

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).