Sequoia Financial Advisors LLC Boosts Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

Sequoia Financial Advisors LLC lifted its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 131.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,584 shares of the exchange traded fund’s stock after buying an additional 4,306 shares during the period. Sequoia Financial Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $4,716,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VGT. Aptus Capital Advisors LLC boosted its position in Vanguard Information Technology ETF by 2.4% in the third quarter. Aptus Capital Advisors LLC now owns 3,560 shares of the exchange traded fund’s stock worth $2,088,000 after purchasing an additional 85 shares during the last quarter. Empower Advisory Group LLC boosted its holdings in shares of Vanguard Information Technology ETF by 4.6% in the 3rd quarter. Empower Advisory Group LLC now owns 8,442 shares of the exchange traded fund’s stock worth $4,951,000 after buying an additional 372 shares during the last quarter. Planning Capital Management Corp boosted its holdings in shares of Vanguard Information Technology ETF by 8.4% in the 3rd quarter. Planning Capital Management Corp now owns 271 shares of the exchange traded fund’s stock worth $159,000 after buying an additional 21 shares during the last quarter. Palo Alto Wealth Advisors LLC bought a new position in Vanguard Information Technology ETF during the third quarter valued at about $229,000. Finally, Diversified Portfolios Inc. increased its holdings in Vanguard Information Technology ETF by 19.7% during the third quarter. Diversified Portfolios Inc. now owns 1,162 shares of the exchange traded fund’s stock worth $682,000 after buying an additional 191 shares during the last quarter.

Vanguard Information Technology ETF Stock Performance

Shares of VGT stock opened at $546.44 on Friday. Vanguard Information Technology ETF has a 52 week low of $478.25 and a 52 week high of $648.76. The firm’s 50-day simple moving average is $613.93 and its two-hundred day simple moving average is $606.09. The firm has a market cap of $75.86 billion, a price-to-earnings ratio of 36.18 and a beta of 1.16.

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).