Garrison Point Advisors LLC Has $834,000 Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Garrison Point Advisors LLC increased its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,341 shares of the exchange traded fund’s stock after buying an additional 25 shares during the quarter. Garrison Point Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $834,000 at the end of the most recent quarter.

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

Vanguard Information Technology ETF Trading Down 6.4 %

VGT stock opened at $478.60 on Friday. Vanguard Information Technology ETF has a 1-year low of $476.31 and a 1-year high of $648.76. The business’s 50 day moving average is $589.52 and its 200-day moving average is $605.44. The firm has a market cap of $66.65 billion, a P/E ratio of 32.38 and a beta of 1.23.

Vanguard Information Technology ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were paid a dividend of $0.7294 per share. 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).