Patrick M Sweeney & Associates Inc. Purchases New Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

Patrick M Sweeney & Associates Inc. purchased a new stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) during the 4th quarter, Holdings Channel reports. The fund purchased 1,013 shares of the exchange traded fund’s stock, valued at approximately $490,000.

Several other hedge funds also recently bought and sold shares of VGT. International Assets Investment Management LLC acquired a new position in Vanguard Information Technology ETF in the 4th quarter worth about $692,917,000. Ameriprise Financial Inc. increased its holdings in shares of Vanguard Information Technology ETF by 14.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 682,089 shares of the exchange traded fund’s stock valued at $282,830,000 after acquiring an additional 85,685 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Vanguard Information Technology ETF by 20.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 468,994 shares of the exchange traded fund’s stock valued at $194,586,000 after acquiring an additional 80,145 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Vanguard Information Technology ETF by 6.0% during the 3rd quarter. LPL Financial LLC now owns 1,036,018 shares of the exchange traded fund’s stock valued at $429,844,000 after acquiring an additional 58,893 shares during the last quarter. Finally, Comerica Bank acquired a new position in shares of Vanguard Information Technology ETF during the 3rd quarter valued at about $20,488,000.

Vanguard Information Technology ETF Stock Performance

Shares of NYSEARCA VGT traded up $0.75 during mid-day trading on Wednesday, reaching $515.42. 209,867 shares of the company traded hands, compared to its average volume of 478,465. The stock has a market cap of $64.90 billion, a PE ratio of 36.30 and a beta of 1.41. The company’s fifty day moving average is $514.05 and its two-hundred day moving average is $488.03. Vanguard Information Technology ETF has a fifty-two week low of $382.70 and a fifty-two week high of $536.63.

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).