Fairway Financial LLC Buys New Shares in Vanguard Information Technology ETF (NYSEARCA:VGT)

Fairway Financial LLC acquired a new stake in Vanguard Information Technology ETF (NYSEARCA:VGT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 8,714 shares of the exchange traded fund’s stock, valued at approximately $5,418,000. Vanguard Information Technology ETF makes up approximately 4.9% of Fairway Financial LLC’s holdings, making the stock its 11th biggest position.

Other hedge funds also recently made changes to their positions in the company. Signaturefd LLC grew its holdings in shares of Vanguard Information Technology ETF by 1.1% in the 3rd quarter. Signaturefd LLC now owns 1,528 shares of the exchange traded fund’s stock worth $896,000 after purchasing an additional 17 shares during the last quarter. Corbyn Investment Management Inc. MD lifted its position in Vanguard Information Technology ETF by 1.1% during the 3rd quarter. Corbyn Investment Management Inc. MD now owns 1,605 shares of the exchange traded fund’s stock valued at $941,000 after purchasing an additional 17 shares during the period. Sovereign Financial Group Inc. lifted its position in Vanguard Information Technology ETF by 0.9% during the 4th quarter. Sovereign Financial Group Inc. now owns 2,015 shares of the exchange traded fund’s stock valued at $1,253,000 after purchasing an additional 17 shares during the period. Frank Rimerman Advisors LLC lifted its position in Vanguard Information Technology ETF by 3.6% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 512 shares of the exchange traded fund’s stock valued at $300,000 after purchasing an additional 18 shares during the period. Finally, Americana Partners LLC raised its position in shares of Vanguard Information Technology ETF by 1.2% in the 3rd quarter. Americana Partners LLC now owns 1,645 shares of the exchange traded fund’s stock valued at $965,000 after acquiring an additional 19 shares during the period.

Vanguard Information Technology ETF Price Performance

Shares of NYSEARCA:VGT opened at $641.51 on Friday. The company has a market capitalization of $80.78 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41. The firm’s 50 day simple moving average is $629.33 and its 200 day simple moving average is $602.85. Vanguard Information Technology ETF has a fifty-two week low of $478.25 and a fifty-two week 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).