Patriot Investment Management Group Inc. Grows Stock Position in Vanguard Information Technology ETF $VGT

Patriot Investment Management Group Inc. increased its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 700.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,027 shares of the exchange traded fund’s stock after buying an additional 41,149 shares during the quarter. Vanguard Information Technology ETF comprises approximately 0.3% of Patriot Investment Management Group Inc.’s holdings, making the stock its 19th largest holding. Patriot Investment Management Group Inc.’s holdings in Vanguard Information Technology ETF were worth $5,621,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of VGT. Roman Butler Fullerton & Co. increased its position in Vanguard Information Technology ETF by 2.4% during the fourth quarter. Roman Butler Fullerton & Co. now owns 587 shares of the exchange traded fund’s stock valued at $442,000 after acquiring an additional 14 shares during the last quarter. Plancorp LLC lifted its holdings in shares of Vanguard Information Technology ETF by 0.7% in the 4th quarter. Plancorp LLC now owns 2,099 shares of the exchange traded fund’s stock worth $1,582,000 after acquiring an additional 14 shares during the last quarter. Sand Hill Global Advisors LLC boosted its stake in shares of Vanguard Information Technology ETF by 2.9% during the 4th quarter. Sand Hill Global Advisors LLC now owns 491 shares of the exchange traded fund’s stock worth $370,000 after purchasing an additional 14 shares during the period. Fortis Capital Advisors LLC boosted its stake in shares of Vanguard Information Technology ETF by 0.9% during the 4th quarter. Fortis Capital Advisors LLC now owns 1,714 shares of the exchange traded fund’s stock worth $1,292,000 after purchasing an additional 15 shares during the period. Finally, Running Point Capital Advisors LLC boosted its stake in shares of Vanguard Information Technology ETF by 0.7% during the 4th quarter. Running Point Capital Advisors LLC now owns 2,062 shares of the exchange traded fund’s stock worth $1,555,000 after purchasing an additional 15 shares during the period.

Vanguard Information Technology ETF Trading Up 1.1%

Shares of NYSEARCA:VGT opened at $122.99 on Friday. Vanguard Information Technology ETF has a 12 month low of $83.09 and a 12 month high of $126.00. The company has a market capitalization of $150.77 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34. The firm’s 50-day moving average is $116.44 and its 200 day moving average is $104.99.

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). 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.