Riggs Capital Management LLC Buys Shares of 2,106 Vanguard Information Technology ETF (NYSEARCA:VGT)

Riggs Capital Management LLC purchased a new position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 2,106 shares of the exchange traded fund’s stock, valued at approximately $1,310,000. Vanguard Information Technology ETF accounts for about 1.3% of Riggs Capital Management LLC’s holdings, making the stock its 22nd biggest position.

A number of other hedge funds also recently modified their holdings of the stock. Strategic Financial Concepts LLC grew its stake in Vanguard Information Technology ETF by 39,912.0% in 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 buying an additional 1,229,688 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Vanguard Information Technology ETF during the fourth quarter valued at about $494,903,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings 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 in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Vanguard Information Technology ETF by 10.0% in the third quarter. JPMorgan Chase & Co. now owns 5,494,335 shares of the exchange traded fund’s stock valued at $3,222,539,000 after acquiring an additional 501,703 shares during the period. Finally, Wealthfront Advisers LLC grew its stake in Vanguard Information Technology ETF by 621.3% during the fourth 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 in the last quarter.

Vanguard Information Technology ETF Stock Performance

Shares of VGT stock opened at $543.24 on Monday. Vanguard Information Technology ETF has a 52-week low of $478.25 and a 52-week high of $648.76. The business’s fifty day moving average is $600.74 and its 200 day moving average is $607.14. The company has a market capitalization of $75.66 billion, a PE ratio of 33.62 and a beta of 1.17.

Vanguard Information Technology ETF Cuts Dividend

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

About Vanguard Information Technology ETF

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).