Vanguard Information Technology ETF (NYSEARCA:VGT) Shares Purchased by Richmond Brothers Inc.

Richmond Brothers Inc. raised its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 7.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 12,516 shares of the exchange traded fund’s stock after acquiring an additional 851 shares during the quarter. Vanguard Information Technology ETF makes up about 5.0% of Richmond Brothers Inc.’s investment portfolio, making the stock its 6th largest position. Richmond Brothers Inc.’s holdings in Vanguard Information Technology ETF were worth $7,783,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in Vanguard Information Technology ETF in the fourth quarter valued at approximately $30,000. Kentucky Trust Co acquired a new stake in Vanguard Information Technology ETF in the fourth quarter valued at approximately $31,000. Briaud Financial Planning Inc acquired a new stake in Vanguard Information Technology ETF in the fourth quarter valued at approximately $31,000. Duncker Streett & Co. Inc. acquired a new stake in Vanguard Information Technology ETF in the fourth quarter valued at approximately $35,000. Finally, Copley Financial Group Inc. acquired a new stake in shares of Vanguard Information Technology ETF in the third quarter worth $38,000.

Vanguard Information Technology ETF Trading Down 1.4 %

Shares of Vanguard Information Technology ETF stock opened at $558.31 on Wednesday. The firm has a fifty day simple moving average of $609.64 and a 200-day simple moving average of $606.35. Vanguard Information Technology ETF has a 1-year low of $478.25 and a 1-year high of $648.76. The stock has a market capitalization of $77.76 billion, a price-to-earnings ratio of 33.62 and a beta of 1.17.

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).