Pinnacle Associates Ltd. Increases Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

Pinnacle Associates Ltd. raised its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 0.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,579 shares of the exchange traded fund’s stock after buying an additional 210 shares during the period. Pinnacle Associates Ltd. owned approximately 0.05% of Vanguard Information Technology ETF worth $37,290,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Morton Capital Management LLC CA raised its holdings in Vanguard Information Technology ETF by 4.3% in the third quarter. Morton Capital Management LLC CA now owns 410 shares of the exchange traded fund’s stock valued at $241,000 after acquiring an additional 17 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Vanguard Information Technology ETF by 1.1% in the 3rd quarter. Signaturefd LLC now owns 1,528 shares of the exchange traded fund’s stock valued at $896,000 after purchasing an additional 17 shares in the last quarter. Frank Rimerman Advisors LLC lifted its position in shares of Vanguard Information Technology ETF by 3.6% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 512 shares of the exchange traded fund’s stock worth $300,000 after purchasing an additional 18 shares during the last quarter. Heritage Wealth Partners LLC grew its stake in shares of Vanguard Information Technology ETF by 4.3% during the second quarter. Heritage Wealth Partners LLC now owns 465 shares of the exchange traded fund’s stock worth $268,000 after purchasing an additional 19 shares in the last quarter. Finally, Embree Financial Group increased its holdings in Vanguard Information Technology ETF by 0.9% in the second quarter. Embree Financial Group now owns 2,309 shares of the exchange traded fund’s stock valued at $1,331,000 after buying an additional 20 shares during the last quarter.

Vanguard Information Technology ETF Stock Down 0.7 %

VGT traded down $4.37 on Wednesday, reaching $605.95. The company’s stock had a trading volume of 150,275 shares, compared to its average volume of 459,124. Vanguard Information Technology ETF has a fifty-two week low of $401.89 and a fifty-two week high of $612.05. The stock has a 50 day moving average of $579.98 and a two-hundred day moving average of $560.00. The company has a market capitalization of $76.30 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41.

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).