American Asset Management Inc. Acquires New Shares in Vanguard Information Technology ETF (NYSEARCA:VGT)

American Asset Management Inc. acquired a new stake in Vanguard Information Technology ETF (NYSEARCA:VGT) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,100 shares of the exchange traded fund’s stock, valued at approximately $684,000. Vanguard Information Technology ETF comprises approximately 0.7% of American Asset Management Inc.’s investment portfolio, making the stock its 12th biggest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VGT. Morton Capital Management LLC CA increased its holdings in shares of Vanguard Information Technology ETF by 4.3% in the third quarter. Morton Capital Management LLC CA now owns 410 shares of the exchange traded fund’s stock worth $241,000 after acquiring an additional 17 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Vanguard Information Technology ETF by 1.1% in the third quarter. Signaturefd LLC now owns 1,528 shares of the exchange traded fund’s stock worth $896,000 after acquiring an additional 17 shares in the last quarter. Corbyn Investment Management Inc. MD increased its holdings in shares of Vanguard Information Technology ETF by 1.1% in the third quarter. Corbyn Investment Management Inc. MD now owns 1,605 shares of the exchange traded fund’s stock worth $941,000 after acquiring an additional 17 shares in the last quarter. Sovereign Financial Group Inc. increased its holdings in shares of Vanguard Information Technology ETF by 0.9% in the fourth quarter. Sovereign Financial Group Inc. now owns 2,015 shares of the exchange traded fund’s stock worth $1,253,000 after acquiring an additional 17 shares in the last quarter. Finally, Frank Rimerman Advisors LLC increased its holdings in shares of Vanguard Information Technology ETF by 3.6% in the third quarter. Frank Rimerman Advisors LLC now owns 512 shares of the exchange traded fund’s stock worth $300,000 after acquiring an additional 18 shares in the last quarter.

Vanguard Information Technology ETF Price Performance

Shares of Vanguard Information Technology ETF stock opened at $627.47 on Tuesday. Vanguard Information Technology ETF has a 1 year low of $478.25 and a 1 year high of $648.66. The business has a 50-day moving average of $627.16 and a two-hundred day moving average of $594.91. The company has a market capitalization of $79.01 billion, a P/E 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).