LM Advisors LLC Purchases New Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

LM Advisors LLC purchased a new stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,485 shares of the exchange traded fund’s stock, valued at approximately $1,203,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VGT. JPMorgan Chase & Co. lifted its stake in shares of Vanguard Information Technology ETF by 0.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,868,466 shares of the exchange traded fund’s stock valued at $2,019,927,000 after purchasing an additional 36,740 shares during the last quarter. Morgan Stanley lifted its stake in shares of Vanguard Information Technology ETF by 1.3% in the 3rd quarter. Morgan Stanley now owns 1,861,916 shares of the exchange traded fund’s stock valued at $772,509,000 after purchasing an additional 23,227 shares during the last quarter. UBS Group AG lifted its stake in shares of Vanguard Information Technology ETF by 1.8% in the 4th quarter. UBS Group AG now owns 1,762,372 shares of the exchange traded fund’s stock valued at $852,988,000 after purchasing an additional 31,323 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Vanguard Information Technology ETF in the 4th quarter valued at approximately $692,917,000. Finally, LPL Financial LLC lifted its stake in shares of Vanguard Information Technology ETF by 6.0% in the 3rd quarter. LPL Financial LLC now owns 1,036,018 shares of the exchange traded fund’s stock valued at $429,844,000 after purchasing an additional 58,893 shares during the last quarter.

Vanguard Information Technology ETF Trading Up 1.4 %

Shares of VGT stock traded up $7.74 on Tuesday, reaching $559.49. 479,083 shares of the company’s stock were exchanged, compared to its average volume of 456,306. Vanguard Information Technology ETF has a 52 week low of $397.76 and a 52 week high of $559.49. The stock has a market capitalization of $70.45 billion, a PE ratio of 36.30 and a beta of 1.41. The company’s fifty day simple moving average is $521.40 and its 200 day simple moving average is $506.28.

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).