Cascades Capital Asset Management LLC Takes $764,000 Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Cascades Capital Asset Management LLC acquired a new stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) in the fourth quarter, HoldingsChannel reports. The fund acquired 1,229 shares of the exchange traded fund’s stock, valued at approximately $764,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Vanguard Information Technology ETF by 11.0% in the 3rd quarter. FMR LLC now owns 64,373 shares of the exchange traded fund’s stock worth $37,756,000 after purchasing an additional 6,396 shares during the last quarter. Quantbot Technologies LP bought a new stake in Vanguard Information Technology ETF in the third quarter valued at $55,000. Benjamin Edwards Inc. acquired a new position in shares of Vanguard Information Technology ETF during the third quarter valued at $872,000. Morse Asset Management Inc bought a new position in shares of Vanguard Information Technology ETF during the third quarter worth about $138,000. Finally, Quantinno Capital Management LP increased its holdings in shares of Vanguard Information Technology ETF by 43.5% in the 3rd quarter. Quantinno Capital Management LP now owns 10,222 shares of the exchange traded fund’s stock worth $5,996,000 after acquiring an additional 3,100 shares during the period.

Vanguard Information Technology ETF Stock Down 6.4 %

Shares of NYSEARCA:VGT opened at $478.60 on Friday. Vanguard Information Technology ETF has a fifty-two week low of $476.31 and a fifty-two week high of $648.76. The company has a market cap of $66.65 billion, a PE ratio of 32.38 and a beta of 1.23. The company’s 50-day moving average price is $589.52 and its 200 day moving average price is $605.17.

Vanguard Information Technology ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th were given a dividend of $0.7294 per share. The ex-dividend date 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).