Gradient Investments LLC Has $640,000 Stock Position in Vanguard Information Technology ETF $VGT

Gradient Investments LLC raised its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 584.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 5,352 shares of the exchange traded fund’s stock after buying an additional 4,570 shares during the period. Gradient Investments LLC’s holdings in Vanguard Information Technology ETF were worth $640,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Roman Butler Fullerton & Co. boosted its holdings in Vanguard Information Technology ETF by 2.4% during the fourth quarter. Roman Butler Fullerton & Co. now owns 587 shares of the exchange traded fund’s stock worth $442,000 after purchasing an additional 14 shares during the last quarter. Plancorp LLC increased its stake in Vanguard Information Technology ETF by 0.7% in the 4th quarter. Plancorp LLC now owns 2,099 shares of the exchange traded fund’s stock valued at $1,582,000 after buying an additional 14 shares during the last quarter. Sand Hill Global Advisors LLC lifted its position in Vanguard Information Technology ETF by 2.9% during the 4th quarter. Sand Hill Global Advisors LLC now owns 491 shares of the exchange traded fund’s stock worth $370,000 after buying an additional 14 shares in the last quarter. Fortis Capital Advisors LLC lifted its position in Vanguard Information Technology ETF by 0.9% during the 4th quarter. Fortis Capital Advisors LLC now owns 1,714 shares of the exchange traded fund’s stock worth $1,292,000 after buying an additional 15 shares in the last quarter. Finally, Running Point Capital Advisors LLC boosted its stake in shares of Vanguard Information Technology ETF by 0.7% during the 4th quarter. Running Point Capital Advisors LLC now owns 2,062 shares of the exchange traded fund’s stock worth $1,555,000 after buying an additional 15 shares during the last quarter.

Vanguard Information Technology ETF Price Performance

Shares of NYSEARCA VGT opened at $120.25 on Tuesday. The stock has a market capitalization of $147.42 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34. The business has a 50-day moving average of $116.59 and a 200-day moving average of $104.40. Vanguard Information Technology ETF has a fifty-two week low of $83.09 and a fifty-two week 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.