Davis R M Inc. Grows Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

Davis R M Inc. lifted its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 1.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,997 shares of the exchange traded fund’s stock after buying an additional 23 shares during the quarter. Davis R M Inc.’s holdings in Vanguard Information Technology ETF were worth $1,242,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Peterson Financial Group Inc. bought a new position in Vanguard Information Technology ETF in the 3rd quarter valued at approximately $30,000. Brooklyn Investment Group purchased a new position in shares of Vanguard Information Technology ETF in the fourth quarter worth $30,000. Kentucky Trust Co bought a new position in shares of Vanguard Information Technology ETF during the fourth quarter valued at $31,000. Coastline Trust Co bought a new position in shares of Vanguard Information Technology ETF during the third quarter valued at $32,000. Finally, Duncker Streett & Co. Inc. purchased a new stake in shares of Vanguard Information Technology ETF during the fourth quarter valued at $35,000.

Vanguard Information Technology ETF Stock Performance

NYSEARCA VGT opened at $548.37 on Wednesday. Vanguard Information Technology ETF has a one year low of $478.25 and a one year high of $648.76. The stock has a 50-day moving average of $616.73 and a 200 day moving average of $606.86. The company has a market capitalization of $76.12 billion, a price-to-earnings ratio of 36.18 and a beta of 1.16.

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).