Bridgewater Advisors Inc. Grows Position in Vanguard Information Technology ETF $VGT

Bridgewater Advisors Inc. increased its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 697.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,210 shares of the exchange traded fund’s stock after purchasing an additional 23,796 shares during the period. Vanguard Information Technology ETF accounts for 1.2% of Bridgewater Advisors Inc.’s portfolio, making the stock its 19th biggest position. Bridgewater Advisors Inc.’s holdings in Vanguard Information Technology ETF were worth $18,985,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Kingdom Financial Group LLC. purchased a new position in Vanguard Information Technology ETF during the 4th quarter valued at about $27,000. Wells Financial Advisors INC bought a new position in shares of Vanguard Information Technology ETF during the fourth quarter valued at approximately $29,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Vanguard Information Technology ETF during the fourth quarter valued at approximately $30,000. RHL Group LLC purchased a new position in shares of Vanguard Information Technology ETF during the fourth quarter valued at approximately $31,000. Finally, Jessup Wealth Management Inc purchased a new position in shares of Vanguard Information Technology ETF during the fourth quarter valued at approximately $31,000.

Vanguard Information Technology ETF Stock Down 1.0%

Vanguard Information Technology ETF stock opened at $113.30 on Friday. The company has a market capitalization of $138.90 billion, a P/E ratio of 34.55 and a beta of 1.34. The stock’s 50 day moving average is $116.76 and its 200 day moving average is $102.72. Vanguard Information Technology ETF has a twelve month low of $83.09 and a twelve month high of $126.00.

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). This GICS sector is made up of companies in three areas: technology software and services, including companies that develop software in various fields (such as the Internet, applications, systems, databases, and/or home entertainment), and companies that provide information technology consulting and services, data processing, and outsourced services; technology hardware and equipment, including manufacturers and distributors of communications equipment, computers and peripherals and electronic equipment, and semiconductors and semiconductor equipment manufacturers.