Cornerstone Wealth Group LLC Raises Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

Cornerstone Wealth Group LLC boosted its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 13.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 521 shares of the exchange traded fund’s stock after purchasing an additional 61 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Vanguard Information Technology ETF were worth $324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew 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 purchasing an additional 501,703 shares during the period. LPL Financial LLC grew its position in shares of Vanguard Information Technology ETF by 2.3% in the third quarter. LPL Financial LLC now owns 1,188,742 shares of the exchange traded fund’s stock valued at $697,221,000 after purchasing an additional 26,845 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in Vanguard Information Technology ETF by 311.5% during 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 purchasing an additional 510,798 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Vanguard Information Technology ETF by 4.2% in the 3rd quarter. Stifel Financial Corp now owns 390,136 shares of the exchange traded fund’s stock valued at $228,842,000 after purchasing an additional 15,742 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in shares of Vanguard Information Technology ETF by 1.1% during the 3rd quarter. HighTower Advisors LLC now owns 332,140 shares of the exchange traded fund’s stock worth $194,842,000 after purchasing an additional 3,774 shares during the last quarter.

Vanguard Information Technology ETF Trading Down 5.2 %

Shares of VGT opened at $606.78 on Tuesday. The company’s 50-day moving average price is $629.27 and its 200 day moving average price is $596.30. Vanguard Information Technology ETF has a 12-month low of $478.25 and a 12-month high of $648.76. The firm has a market cap of $76.41 billion, a P/E ratio of 36.30 and a beta of 1.41.

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).