M.E. Allison & CO. Inc. Buys Shares of 1,388 Vanguard Information Technology ETF (NYSEARCA:VGT)

M.E. Allison & CO. Inc. bought a new stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,388 shares of the exchange traded fund’s stock, valued at approximately $863,000. Vanguard Information Technology ETF makes up approximately 0.9% of M.E. Allison & CO. Inc.’s investment portfolio, making the stock its 28th largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of VGT. Morton Capital Management LLC CA increased its holdings in shares of Vanguard Information Technology ETF by 4.3% in the 3rd quarter. Morton Capital Management LLC CA now owns 410 shares of the exchange traded fund’s stock valued at $241,000 after acquiring an additional 17 shares during the period. Signaturefd LLC increased 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 valued at $896,000 after acquiring an additional 17 shares during the period. Corbyn Investment Management Inc. MD increased its holdings in shares of Vanguard Information Technology ETF by 1.1% in 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 acquiring an additional 17 shares during the period. Sovereign Financial Group Inc. increased its holdings in shares of Vanguard Information Technology ETF by 0.9% in 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 acquiring an additional 17 shares during the period. Finally, Frank Rimerman Advisors LLC increased its holdings in shares of Vanguard Information Technology ETF by 3.6% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 512 shares of the exchange traded fund’s stock valued at $300,000 after acquiring an additional 18 shares during the period.

Vanguard Information Technology ETF Trading Up 1.5 %

Shares of NYSEARCA:VGT opened at $627.47 on Monday. Vanguard Information Technology ETF has a 12-month low of $478.25 and a 12-month high of $648.66. The business’s fifty day simple moving average is $627.16 and its 200-day simple moving average is $594.89. The company has a market capitalization of $79.01 billion, a PE ratio of 36.30 and a beta of 1.41.

Vanguard Information Technology ETF 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).