Bay Capital Advisors LLC Makes New $456,000 Investment in Vanguard Information Technology ETF (NYSEARCA:VGT)

Bay Capital Advisors LLC purchased a new stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 734 shares of the exchange traded fund’s stock, valued at approximately $456,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Zions Bancorporation N.A. lifted its position in Vanguard Information Technology ETF by 150.0% during 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 during the last quarter. Crowley Wealth Management Inc. purchased a new stake in shares of Vanguard Information Technology ETF during the 4th quarter valued at $27,000. Brooklyn Investment Group purchased a new stake in shares of Vanguard Information Technology ETF during the 4th quarter valued at $30,000. Kentucky Trust Co bought a new stake in shares of Vanguard Information Technology ETF during the 4th quarter worth $31,000. Finally, Briaud Financial Planning Inc purchased a new position in Vanguard Information Technology ETF in the fourth quarter worth $31,000.

Vanguard Information Technology ETF Stock Up 1.9 %

NYSEARCA VGT opened at $575.39 on Tuesday. The stock’s 50-day simple moving average is $605.50 and its two-hundred day simple moving average is $606.72. Vanguard Information Technology ETF has a twelve month low of $478.25 and a twelve month high of $648.76. The company has a market capitalization of $80.14 billion, a price-to-earnings ratio of 33.62 and a beta of 1.17.

Vanguard Information Technology ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 25th will be issued a dividend of $0.7294 per share. The ex-dividend date is Tuesday, March 25th.

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).