Bartlett & CO. Wealth Management LLC Raises Holdings in Vanguard Information Technology ETF $VGT

Bartlett & CO. Wealth Management LLC raised its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 695.8% in the first quarter, Holdings Channel reports. The fund owned 64,832 shares of the exchange traded fund’s stock after buying an additional 56,685 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $45,235,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VGT. Sagespring Wealth Partners LLC increased its stake in shares of Vanguard Information Technology ETF by 71.0% during the fourth quarter. Sagespring Wealth Partners LLC now owns 3,388 shares of the exchange traded fund’s stock worth $2,554,000 after acquiring an additional 1,407 shares during the period. McClarren Financial Advisors Inc. lifted its position 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 purchasing an additional 2,492 shares during the period. Allworth Financial LP boosted its holdings in Vanguard Information Technology ETF by 7.7% in the 3rd quarter. Allworth Financial LP now owns 13,603 shares of the exchange traded fund’s stock valued at $10,157,000 after purchasing an additional 969 shares in the last quarter. Cypress Wealth Services LLC acquired a new position in Vanguard Information Technology ETF during the 4th quarter worth approximately $1,160,000. Finally, MOR Wealth Management LLC acquired a new position in Vanguard Information Technology ETF during the 4th quarter worth approximately $1,196,000.

Vanguard Information Technology ETF Price Performance

VGT opened at $113.10 on Friday. Vanguard Information Technology ETF has a 12 month low of $83.09 and a 12 month high of $126.00. The stock has a market capitalization of $138.65 billion, a P/E ratio of 34.55 and a beta of 1.34. The business has a 50 day simple moving average of $116.67 and a 200-day simple moving average of $102.03.

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.