Ipsen Advisor Group LLC Takes $480,000 Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Ipsen Advisor Group LLC acquired a new position in Vanguard Information Technology ETF (NYSEARCA:VGT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 772 shares of the exchange traded fund’s stock, valued at approximately $480,000.

A number of other hedge funds have also recently added to or reduced their stakes in VGT. Strategic Financial Concepts LLC raised its holdings in shares of Vanguard Information Technology ETF by 39,912.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,232,769 shares of the exchange traded fund’s stock valued at $766,536,000 after purchasing an additional 1,229,688 shares in the last quarter. Raymond James Financial Inc. bought a new position in Vanguard Information Technology ETF during the fourth quarter valued at about $494,903,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Vanguard Information Technology ETF by 311.5% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 674,791 shares of the exchange traded fund’s stock worth $419,585,000 after buying an additional 510,798 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Vanguard Information Technology ETF by 10.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,494,335 shares of the exchange traded fund’s stock worth $3,222,539,000 after acquiring an additional 501,703 shares in the last quarter. Finally, Wealthfront Advisers LLC increased its holdings in shares of Vanguard Information Technology ETF by 621.3% during the 4th quarter. Wealthfront Advisers LLC now owns 216,100 shares of the exchange traded fund’s stock valued at $134,371,000 after acquiring an additional 186,139 shares during the last quarter.

Vanguard Information Technology ETF Trading Up 0.3 %

Shares of Vanguard Information Technology ETF stock opened at $577.08 on Wednesday. The firm has a fifty day simple moving average of $604.85 and a 200-day simple moving average of $607.03. The stock has a market capitalization of $80.38 billion, a price-to-earnings ratio of 33.62 and a beta of 1.17. Vanguard Information Technology ETF has a 1-year low of $478.25 and a 1-year high of $648.76.

Vanguard Information Technology ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th will be given a $0.7294 dividend. The ex-dividend date of this dividend is Tuesday, March 25th.

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).