CIBC Private Wealth Group LLC Buys 454 Shares of Vanguard Information Technology ETF (NYSEARCA:VGT)

CIBC Private Wealth Group LLC boosted its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 2.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 17,343 shares of the exchange traded fund’s stock after acquiring an additional 454 shares during the period. CIBC Private Wealth Group LLC’s holdings in Vanguard Information Technology ETF were worth $10,870,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VGT. Zions Bancorporation N.A. raised its stake in Vanguard Information Technology ETF by 150.0% in the fourth quarter. Zions Bancorporation N.A. now owns 40 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 24 shares in the last quarter. Crowley Wealth Management Inc. acquired a new stake in shares of Vanguard Information Technology ETF in the 4th quarter valued at $27,000. Brooklyn Investment Group bought a new position in shares of Vanguard Information Technology ETF in the 4th quarter valued at $30,000. Kentucky Trust Co acquired a new position in shares of Vanguard Information Technology ETF during the 4th quarter worth $31,000. Finally, Briaud Financial Planning Inc bought a new stake in shares of Vanguard Information Technology ETF during the 4th quarter worth $31,000.

Vanguard Information Technology ETF Trading Down 0.2 %

Shares of Vanguard Information Technology ETF stock opened at $542.38 on Tuesday. The firm’s 50 day moving average is $599.04 and its 200 day moving average is $606.98. The firm has a market capitalization of $75.54 billion, a PE ratio of 33.62 and a beta of 1.17. Vanguard Information Technology ETF has a 1 year low of $478.25 and a 1 year high of $648.76.

Vanguard Information Technology ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th were issued a dividend of $0.7294 per share. The ex-dividend date of this dividend was Tuesday, March 25th.

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).