Fairway Financial LLC Invests $5.42 Million in Vanguard Information Technology ETF (NYSEARCA:VGT)

Fairway Financial LLC acquired a new position in Vanguard Information Technology ETF (NYSEARCA:VGT) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,714 shares of the exchange traded fund’s stock, valued at approximately $5,418,000. Vanguard Information Technology ETF accounts for approximately 4.9% of Fairway Financial LLC’s portfolio, making the stock its 11th largest holding.

Several other large investors have also recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in shares of Vanguard Information Technology ETF in the third quarter worth about $110,000. Sequoia Financial Advisors LLC grew its position in Vanguard Information Technology ETF by 6.6% during the third quarter. Sequoia Financial Advisors LLC now owns 3,278 shares of the exchange traded fund’s stock valued at $1,923,000 after purchasing an additional 202 shares in the last quarter. Signaturefd LLC grew its position in Vanguard Information Technology ETF by 1.1% in the third quarter. Signaturefd LLC now owns 1,528 shares of the exchange traded fund’s stock worth $896,000 after acquiring an additional 17 shares in the last quarter. Eastern Bank bought a new stake in Vanguard Information Technology ETF in the third quarter worth approximately $269,000. Finally, Greenleaf Trust grew its position in Vanguard Information Technology ETF by 13.6% in the third quarter. Greenleaf Trust now owns 1,667 shares of the exchange traded fund’s stock worth $978,000 after acquiring an additional 200 shares in the last quarter.

Vanguard Information Technology ETF Trading Down 0.3 %

Shares of Vanguard Information Technology ETF stock opened at $641.51 on Friday. The firm has a fifty day simple moving average of $629.33 and a 200-day simple moving average of $602.85. Vanguard Information Technology ETF has a 1-year low of $478.25 and a 1-year high of $648.76. The stock has a market capitalization of $80.78 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41.

About Vanguard Information Technology ETF

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).