Vanguard Information Technology ETF (NYSEARCA:VGT) Shares Acquired by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC boosted its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 54.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,769 shares of the exchange traded fund’s stock after acquiring an additional 620 shares during the period. Arete Wealth Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $1,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in VGT. Zions Bancorporation N.A. boosted its holdings in shares of Vanguard Information Technology ETF by 150.0% in the 4th quarter. Zions Bancorporation N.A. now owns 40 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 24 shares during the period. Crowley Wealth Management Inc. bought a new position in Vanguard Information Technology ETF in the fourth quarter worth about $27,000. Brooklyn Investment Group acquired a new position in Vanguard Information Technology ETF in the fourth quarter valued at approximately $30,000. Kentucky Trust Co bought a new position in shares of Vanguard Information Technology ETF during the fourth quarter valued at approximately $31,000. Finally, Briaud Financial Planning Inc acquired a new stake in shares of Vanguard Information Technology ETF during the 4th quarter worth approximately $31,000.

Vanguard Information Technology ETF Trading Down 6.4 %

Shares of NYSEARCA VGT opened at $478.60 on Friday. The company has a market cap of $66.65 billion, a price-to-earnings ratio of 32.38 and a beta of 1.23. The stock’s 50 day simple moving average is $589.52 and its 200 day simple moving average is $605.17. Vanguard Information Technology ETF has a 12-month low of $476.31 and a 12-month high of $648.76.

Vanguard Information Technology ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were paid a $0.7294 dividend. The ex-dividend date of this dividend was 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).