Lam Group Inc. Acquires 714 Shares of Vanguard Information Technology ETF (NYSEARCA:VGT)

Lam Group Inc. grew its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 13.6% in the fourth quarter, Holdings Channel reports. The firm owned 5,969 shares of the exchange traded fund’s stock after buying an additional 714 shares during the quarter. Vanguard Information Technology ETF accounts for about 2.6% of Lam Group Inc.’s portfolio, making the stock its 14th biggest position. Lam Group Inc.’s holdings in Vanguard Information Technology ETF were worth $3,712,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. JPMorgan Chase & Co. lifted 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 purchasing an additional 501,703 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Vanguard Information Technology ETF during the 2nd quarter valued at $55,988,000. SteelPeak Wealth LLC lifted its holdings in shares of Vanguard Information Technology ETF by 2,097.0% during the 3rd quarter. SteelPeak Wealth LLC now owns 63,076 shares of the exchange traded fund’s stock valued at $37,053,000 after buying an additional 60,205 shares during the period. Royal Fund Management LLC boosted its stake in shares of Vanguard Information Technology ETF by 258.7% in the 3rd quarter. Royal Fund Management LLC now owns 54,252 shares of the exchange traded fund’s stock worth $31,971,000 after buying an additional 39,126 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC grew its holdings in shares of Vanguard Information Technology ETF by 850.0% in the third quarter. Kovitz Investment Group Partners LLC now owns 32,424 shares of the exchange traded fund’s stock worth $19,017,000 after acquiring an additional 29,011 shares during the period.

Vanguard Information Technology ETF Stock Performance

Vanguard Information Technology ETF stock opened at $627.47 on Tuesday. The stock has a market cap of $79.01 billion, a PE ratio of 36.30 and a beta of 1.41. The stock has a fifty day moving average of $627.16 and a 200 day moving average of $594.91. Vanguard Information Technology ETF has a one year low of $478.25 and a one year high of $648.66.

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).