SVB Wealth LLC Buys Shares of 1,584 Vanguard Information Technology ETF (NYSEARCA:VGT)

SVB Wealth LLC bought a new stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) during the fourth quarter, Holdings Channel.com reports. The fund bought 1,584 shares of the exchange traded fund’s stock, valued at approximately $985,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of VGT. Parkside Financial Bank & Trust increased its holdings in shares of Vanguard Information Technology ETF by 25.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 425 shares of the exchange traded fund’s stock worth $265,000 after purchasing an additional 85 shares during the period. Verus Capital Partners LLC increased its holdings in shares of Vanguard Information Technology ETF by 6.6% in the fourth quarter. Verus Capital Partners LLC now owns 987 shares of the exchange traded fund’s stock worth $614,000 after purchasing an additional 61 shares during the period. Proficio Capital Partners LLC increased its holdings in shares of Vanguard Information Technology ETF by 351.0% in the fourth quarter. Proficio Capital Partners LLC now owns 42,180 shares of the exchange traded fund’s stock worth $26,228,000 after purchasing an additional 32,827 shares during the period. Oppenheimer & Co. Inc. increased its holdings in shares of Vanguard Information Technology ETF by 5.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 15,324 shares of the exchange traded fund’s stock worth $9,528,000 after purchasing an additional 748 shares during the period. Finally, Apriem Advisors bought a new position in shares of Vanguard Information Technology ETF in the fourth quarter worth $233,000.

Vanguard Information Technology ETF Stock Performance

Vanguard Information Technology ETF stock opened at $578.36 on Tuesday. The stock has a market cap of $80.29 billion, a P/E ratio of 36.18 and a beta of 1.16. Vanguard Information Technology ETF has a fifty-two week low of $478.25 and a fifty-two week high of $648.76. The firm’s fifty day moving average price is $624.95 and its 200-day moving average price is $607.26.

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).