Valmark Advisers Inc. Grows Stock Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Valmark Advisers Inc. raised its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 5.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,890 shares of the exchange traded fund’s stock after buying an additional 186 shares during the period. Valmark Advisers Inc.’s holdings in Vanguard Information Technology ETF were worth $2,419,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of VGT. St. Johns Investment Management Company LLC purchased a new position in shares of Vanguard Information Technology ETF during the 3rd quarter valued at about $30,000. Peterson Financial Group Inc. purchased a new position in shares of Vanguard Information Technology ETF in the 3rd quarter valued at about $30,000. Brooklyn Investment Group purchased a new position in shares of Vanguard Information Technology ETF in the 4th quarter valued at about $30,000. Kentucky Trust Co purchased a new position in shares of Vanguard Information Technology ETF in the 4th quarter valued at about $31,000. Finally, Coastline Trust Co purchased a new position in shares of Vanguard Information Technology ETF in the 3rd quarter valued at about $32,000.

Vanguard Information Technology ETF Stock Up 0.5 %

Shares of Vanguard Information Technology ETF stock opened at $639.87 on Monday. Vanguard Information Technology ETF has a twelve month low of $478.25 and a twelve month high of $648.76. The business has a 50-day moving average price of $628.98 and a 200 day moving average price of $600.90. The firm has a market cap of $80.57 billion, a PE ratio of 36.30 and a beta of 1.41.

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).