Proffitt & Goodson Inc. Raises Stock Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Proffitt & Goodson Inc. raised its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 4.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,649 shares of the exchange traded fund’s stock after acquiring an additional 114 shares during the period. Proffitt & Goodson Inc.’s holdings in Vanguard Information Technology ETF were worth $1,647,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VGT. JPMorgan Chase & Co. grew its position in Vanguard Information Technology ETF by 10.0% during 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 during the period. Strategic Financial Concepts LLC boosted its stake in shares of Vanguard Information Technology ETF by 39,912.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,232,769 shares of the exchange traded fund’s stock worth $766,536,000 after acquiring an additional 1,229,688 shares in the last quarter. LPL Financial LLC increased its stake in shares of Vanguard Information Technology ETF by 2.3% in the 3rd quarter. LPL Financial LLC now owns 1,188,742 shares of the exchange traded fund’s stock valued at $697,221,000 after purchasing an additional 26,845 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Vanguard Information Technology ETF by 311.5% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 674,791 shares of the exchange traded fund’s stock worth $419,585,000 after purchasing an additional 510,798 shares during the period. Finally, Stifel Financial Corp raised its holdings in Vanguard Information Technology ETF by 4.2% in the 3rd quarter. Stifel Financial Corp now owns 390,136 shares of the exchange traded fund’s stock worth $228,842,000 after purchasing an additional 15,742 shares during the period.

Vanguard Information Technology ETF Trading Up 1.6 %

Shares of VGT opened at $598.48 on Friday. The stock’s 50 day moving average is $626.13 and its two-hundred day moving average is $606.49. Vanguard Information Technology ETF has a 12 month low of $478.25 and a 12 month high of $648.76. The firm has a market cap of $83.08 billion, a P/E ratio of 36.18 and a beta of 1.16.

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).