Vanguard Information Technology ETF $VGT Stock: Lido Advisors LLC Increases Stake

Lido Advisors LLC boosted its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 3.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,799,129 shares of the exchange traded fund’s stock after purchasing an additional 52,256 shares during the quarter. Vanguard Information Technology ETF makes up approximately 0.6% of Lido Advisors LLC’s investment portfolio, making the stock its 18th largest holding. Lido Advisors LLC owned about 0.15% of Vanguard Information Technology ETF worth $226,097,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Financial Insights Inc. raised its stake in shares of Vanguard Information Technology ETF by 1.1% during the 3rd quarter. Financial Insights Inc. now owns 7,754 shares of the exchange traded fund’s stock worth $974,000 after acquiring an additional 86 shares in the last quarter. Prosperity Advisers LLC lifted its position in Vanguard Information Technology ETF by 2.7% during the third quarter. Prosperity Advisers LLC now owns 3,362 shares of the exchange traded fund’s stock valued at $423,000 after acquiring an additional 88 shares during the last quarter. Sherry Group Inc. boosted its stake in Vanguard Information Technology ETF by 0.7% in the third quarter. Sherry Group Inc. now owns 12,306 shares of the exchange traded fund’s stock valued at $1,547,000 after acquiring an additional 90 shares in the last quarter. Wealth Watch Advisors INC boosted its stake in Vanguard Information Technology ETF by 5.2% in the first quarter. Wealth Watch Advisors INC now owns 1,876 shares of the exchange traded fund’s stock valued at $1,309,000 after acquiring an additional 93 shares in the last quarter. Finally, GC Wealth Management RIA LLC boosted its stake in Vanguard Information Technology ETF by 2.5% in the first quarter. GC Wealth Management RIA LLC now owns 3,783 shares of the exchange traded fund’s stock valued at $2,640,000 after acquiring an additional 94 shares in the last quarter.

Vanguard Information Technology ETF Trading Down 1.3%

NYSEARCA VGT opened at $110.52 on Wednesday. The firm’s fifty day simple moving average is $121.48 and its two-hundred day simple moving average is $109.90. Vanguard Information Technology ETF has a 12-month low of $83.09 and a 12-month high of $130.66. The firm has a market capitalization of $137.14 billion, a P/E ratio of 34.55 and a beta of 1.36.

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.