Richardson Capital Management LLC Makes New Investment in Vanguard Information Technology ETF (NYSEARCA:VGT)

Richardson Capital Management LLC bought a new stake in Vanguard Information Technology ETF (NYSEARCA:VGT) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 56 shares of the exchange traded fund’s stock, valued at approximately $29,000.

Several other hedge funds and other institutional investors have also made changes to their positions in VGT. JPMorgan Chase & Co. lifted its stake in shares of Vanguard Information Technology ETF by 0.8% during the third quarter. JPMorgan Chase & Co. now owns 4,868,466 shares of the exchange traded fund’s stock worth $2,019,927,000 after purchasing an additional 36,740 shares in the last quarter. Morgan Stanley grew its holdings in Vanguard Information Technology ETF by 1.3% during 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 in the last quarter. UBS Group AG increased its stake in Vanguard Information Technology ETF by 1.8% during the 4th quarter. UBS Group AG now owns 1,762,372 shares of the exchange traded fund’s stock worth $852,988,000 after buying an additional 31,323 shares during the period. International Assets Investment Management LLC acquired a new position in Vanguard Information Technology ETF in the 4th quarter worth $692,917,000. Finally, Ameriprise Financial Inc. boosted its position in Vanguard Information Technology ETF by 14.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 682,089 shares of the exchange traded fund’s stock valued at $282,830,000 after buying an additional 85,685 shares during the last quarter.

Vanguard Information Technology ETF Stock Performance

Shares of NYSEARCA VGT traded down $0.21 during midday trading on Friday, reaching $576.59. 380,444 shares of the company’s stock were exchanged, compared to its average volume of 456,512. Vanguard Information Technology ETF has a 52-week low of $397.76 and a 52-week high of $593.10. The business’s fifty day moving average price is $539.46 and its two-hundred day moving average price is $516.44. The stock has a market capitalization of $72.60 billion, a PE ratio of 36.30 and a beta of 1.41.

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).