PCG Asset Management LLC Takes Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

PCG Asset Management LLC acquired a new position in Vanguard Information Technology ETF (NYSEARCA:VGT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,058 shares of the exchange traded fund’s stock, valued at approximately $3,767,000. Vanguard Information Technology ETF comprises 3.3% of PCG Asset Management LLC’s investment portfolio, making the stock its 8th biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of VGT. Peterson Financial Group Inc. purchased a new stake in Vanguard Information Technology ETF in the third quarter valued at $30,000. Brooklyn Investment Group acquired a new position in shares of Vanguard Information Technology ETF in the 4th quarter valued at about $30,000. Kentucky Trust Co purchased a new stake in shares of Vanguard Information Technology ETF in the fourth quarter worth about $31,000. Coastline Trust Co purchased a new stake in shares of Vanguard Information Technology ETF in the third quarter worth about $32,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings in Vanguard Information Technology ETF by 107.1% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 58 shares of the exchange traded fund’s stock worth $34,000 after acquiring an additional 30 shares during the period.

Vanguard Information Technology ETF Trading Up 1.6 %

Shares of VGT stock opened at $598.48 on Friday. Vanguard Information Technology ETF has a twelve month low of $478.25 and a twelve month high of $648.76. The stock has a 50 day moving average of $626.13 and a 200 day moving average of $606.86. The stock 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).