Wingate Wealth Advisors Inc. Buys New Shares in Vanguard Information Technology ETF (NYSEARCA:VGT)

Wingate Wealth Advisors Inc. bought a new position in Vanguard Information Technology ETF (NYSEARCA:VGT) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 1,293 shares of the exchange traded fund’s stock, valued at approximately $804,000.

Several other hedge funds have also added to or reduced their stakes in the business. Signaturefd LLC increased its holdings in shares of Vanguard Information Technology ETF by 1.1% in the third quarter. Signaturefd LLC now owns 1,528 shares of the exchange traded fund’s stock worth $896,000 after buying an additional 17 shares during the period. Corbyn Investment Management Inc. MD grew its position in Vanguard Information Technology ETF by 1.1% during the 3rd quarter. Corbyn Investment Management Inc. MD now owns 1,605 shares of the exchange traded fund’s stock worth $941,000 after acquiring an additional 17 shares during the last quarter. Sovereign Financial Group Inc. increased its stake in Vanguard Information Technology ETF by 0.9% in the 4th quarter. Sovereign Financial Group Inc. now owns 2,015 shares of the exchange traded fund’s stock worth $1,253,000 after purchasing an additional 17 shares during the period. Frank Rimerman Advisors LLC lifted its position in Vanguard Information Technology ETF by 3.6% in the third quarter. Frank Rimerman Advisors LLC now owns 512 shares of the exchange traded fund’s stock valued at $300,000 after purchasing an additional 18 shares during the last quarter. Finally, Americana Partners LLC boosted its stake in shares of Vanguard Information Technology ETF by 1.2% during the third quarter. Americana Partners LLC now owns 1,645 shares of the exchange traded fund’s stock valued at $965,000 after purchasing an additional 19 shares during the period.

Vanguard Information Technology ETF Stock Performance

Shares of Vanguard Information Technology ETF stock opened at $621.05 on Monday. Vanguard Information Technology ETF has a 52-week low of $478.25 and a 52-week high of $648.76. The company’s 50 day moving average price is $629.57 and its 200-day moving average price is $598.28. The stock has a market capitalization of $78.20 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41.

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).