Essex Financial Services Inc. Raises Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

Essex Financial Services Inc. grew its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 11.8% during the 4th quarter, HoldingsChannel reports. The fund owned 4,441 shares of the exchange traded fund’s stock after acquiring an additional 468 shares during the quarter. Essex Financial Services Inc.’s holdings in Vanguard Information Technology ETF were worth $2,762,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in VGT. Brooklyn Investment Group purchased a new position in Vanguard Information Technology ETF in the 4th quarter worth $30,000. St. Johns Investment Management Company LLC bought a new position in shares of Vanguard Information Technology ETF during the third quarter valued at about $30,000. Peterson Financial Group Inc. purchased a new position in shares of Vanguard Information Technology ETF in the third quarter worth about $30,000. Coastline Trust Co bought a new stake in shares of Vanguard Information Technology ETF in the 3rd quarter valued at about $32,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Vanguard Information Technology ETF by 107.1% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 58 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 30 shares during the period.

Vanguard Information Technology ETF Price Performance

VGT opened at $628.86 on Tuesday. The stock’s 50 day simple moving average is $629.57 and its 200 day simple moving average is $598.54. The firm has a market cap of $79.19 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41. Vanguard Information Technology ETF has a 1 year low of $478.25 and a 1 year high of $648.76.

Vanguard Information Technology ETF Company 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).