Cypress Wealth Services LLC Makes New Investment in Vanguard Information Technology ETF $VGT

Cypress Wealth Services LLC bought a new stake in Vanguard Information Technology ETF (NYSEARCA:VGT) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 1,539 shares of the exchange traded fund’s stock, valued at approximately $1,160,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Jefferies Financial Group Inc. purchased a new position in Vanguard Information Technology ETF in the 3rd quarter valued at approximately $1,680,300,000. Focus Partners Wealth boosted its position in Vanguard Information Technology ETF by 1,665.5% during the third quarter. Focus Partners Wealth now owns 725,567 shares of the exchange traded fund’s stock worth $541,734,000 after purchasing an additional 684,470 shares in the last quarter. Strategic Investment Advisors MI acquired a new stake in Vanguard Information Technology ETF in the third quarter valued at $237,501,000. PGIM Custom Harvest LLC grew its holdings in Vanguard Information Technology ETF by 48.7% in the second quarter. PGIM Custom Harvest LLC now owns 781,415 shares of the exchange traded fund’s stock valued at $518,297,000 after purchasing an additional 255,787 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its position in shares of Vanguard Information Technology ETF by 689.0% in the third quarter. Mercer Global Advisors Inc. ADV now owns 275,257 shares of the exchange traded fund’s stock valued at $205,489,000 after buying an additional 240,370 shares in the last quarter.

Vanguard Information Technology ETF Stock Down 2.2%

NYSEARCA:VGT opened at $681.00 on Friday. The company has a market capitalization of $101.90 billion, a PE ratio of 34.55 and a beta of 1.25. Vanguard Information Technology ETF has a 52-week low of $451.00 and a 52-week high of $806.99. The stock has a fifty day simple moving average of $733.80 and a 200-day simple moving average of $748.08.

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). This GICS sector is made up of companies in three areas: technology software and services, including companies that develop software in various fields (such as the Internet, applications, systems, databases, and/or home entertainment), and companies that provide information technology consulting and services, data processing, and outsourced services; technology hardware and equipment, including manufacturers and distributors of communications equipment, computers and peripherals and electronic equipment, and semiconductors and semiconductor equipment manufacturers.