Riverbend Wealth Management LLC Invests $1.12 Million in Vanguard Information Technology ETF (NYSEARCA:VGT)

Riverbend Wealth Management LLC bought a new position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,793 shares of the exchange traded fund’s stock, valued at approximately $1,123,000. Vanguard Information Technology ETF accounts for about 1.0% of Riverbend Wealth Management LLC’s investment portfolio, making the stock its 26th largest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Assetmark Inc. lifted its stake in Vanguard Information Technology ETF by 122.7% during the third quarter. Assetmark Inc. now owns 19,125 shares of the exchange traded fund’s stock valued at $11,217,000 after buying an additional 10,539 shares in the last quarter. Atria Investments Inc lifted its position in shares of Vanguard Information Technology ETF by 11.3% in the 3rd quarter. Atria Investments Inc now owns 14,021 shares of the exchange traded fund’s stock valued at $8,224,000 after acquiring an additional 1,421 shares in the last quarter. Mesirow Financial Investment Management Inc. lifted its position in shares of Vanguard Information Technology ETF by 100.6% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 4,266 shares of the exchange traded fund’s stock valued at $2,502,000 after acquiring an additional 2,139 shares in the last quarter. Sigma Planning Corp boosted its stake in Vanguard Information Technology ETF by 5.5% in the 3rd quarter. Sigma Planning Corp now owns 8,145 shares of the exchange traded fund’s stock worth $4,777,000 after purchasing an additional 423 shares during the period. Finally, Baker Avenue Asset Management LP grew its position in Vanguard Information Technology ETF by 195.9% during the 3rd quarter. Baker Avenue Asset Management LP now owns 2,586 shares of the exchange traded fund’s stock worth $1,517,000 after purchasing an additional 1,712 shares in the last quarter.

Vanguard Information Technology ETF Stock Down 4.5 %

VGT opened at $550.07 on Tuesday. The firm has a market capitalization of $76.36 billion, a P/E ratio of 36.18 and a beta of 1.16. The stock has a fifty day moving average of $618.20 and a 200-day moving average of $607.09. Vanguard Information Technology ETF has a 12-month low of $478.25 and a 12-month high of $648.76.

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).