Rolek Wealth Management LLC Makes New Investment in Vanguard Information Technology ETF (NYSEARCA:VGT)

Rolek Wealth Management LLC bought a new position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) during the fourth quarter, Holdings Channel reports. The institutional investor bought 3,359 shares of the exchange traded fund’s stock, valued at approximately $2,089,000. Vanguard Information Technology ETF accounts for 1.6% of Rolek Wealth Management LLC’s portfolio, making the stock its 4th biggest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in shares of 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 worth $3,222,539,000 after acquiring an additional 501,703 shares during the last quarter. LPL Financial LLC grew its position in shares of Vanguard Information Technology ETF by 2.3% during the third quarter. LPL Financial LLC now owns 1,188,742 shares of the exchange traded fund’s stock worth $697,221,000 after acquiring an additional 26,845 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Vanguard Information Technology ETF by 3.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 506,703 shares of the exchange traded fund’s stock worth $292,185,000 after acquiring an additional 17,933 shares during the last quarter. Stifel Financial Corp grew its position in shares of Vanguard Information Technology ETF by 4.2% during the third quarter. Stifel Financial Corp now owns 390,136 shares of the exchange traded fund’s stock worth $228,842,000 after acquiring an additional 15,742 shares during the last quarter. Finally, HighTower Advisors LLC grew its position in shares of Vanguard Information Technology ETF by 1.1% during the third quarter. HighTower Advisors LLC now owns 332,140 shares of the exchange traded fund’s stock worth $194,842,000 after acquiring an additional 3,774 shares during the last quarter.

Vanguard Information Technology ETF Stock Performance

Vanguard Information Technology ETF stock opened at $645.27 on Thursday. The company has a 50-day simple moving average of $627.46 and a 200-day simple moving average of $595.41. The firm has a market capitalization of $81.25 billion, a P/E ratio of 36.30 and a beta of 1.41. Vanguard Information Technology ETF has a one year low of $478.25 and a one year high of $648.66.

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).