Texas Capital Bank Wealth Management Services Inc Boosts Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

Texas Capital Bank Wealth Management Services Inc raised its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 528 shares of the exchange traded fund’s stock after buying an additional 28 shares during the quarter. Texas Capital Bank Wealth Management Services Inc’s holdings in Vanguard Information Technology ETF were worth $328,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in VGT. Sovereign Financial Group Inc. raised its position 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. Sfmg LLC boosted its stake in shares of Vanguard Information Technology ETF by 2.8% during the third quarter. Sfmg LLC now owns 700 shares of the exchange traded fund’s stock valued at $411,000 after purchasing an additional 19 shares in the last quarter. Bare Financial Services Inc increased its holdings in Vanguard Information Technology ETF by 2.1% during the fourth quarter. Bare Financial Services Inc now owns 928 shares of the exchange traded fund’s stock valued at $577,000 after buying an additional 19 shares during the period. Hamilton Point Investment Advisors LLC raised its stake in Vanguard Information Technology ETF by 2.6% in the fourth quarter. Hamilton Point Investment Advisors LLC now owns 788 shares of the exchange traded fund’s stock worth $490,000 after buying an additional 20 shares in the last quarter. Finally, Hemington Wealth Management lifted its holdings in Vanguard Information Technology ETF by 16.8% during the fourth quarter. Hemington Wealth Management now owns 139 shares of the exchange traded fund’s stock worth $86,000 after buying an additional 20 shares during the period.

Vanguard Information Technology ETF Trading Down 4.5 %

VGT opened at $509.77 on Friday. The firm has a market cap of $70.99 billion, a price-to-earnings ratio of 32.38 and a beta of 1.23. Vanguard Information Technology ETF has a 12 month low of $451.00 and a 12 month high of $648.76. The stock has a fifty day moving average price of $575.55 and a 200-day moving average price of $602.06.

Vanguard Information Technology ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were issued a $0.7294 dividend. 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).