Summit Global Investments Invests $5.32 Million in Vanguard Information Technology ETF (NYSEARCA:VGT)

Summit Global Investments acquired a new position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,997 shares of the exchange traded fund’s stock, valued at approximately $5,323,000.

Several other institutional investors have also recently bought and sold shares of the business. Cooper Financial Group acquired a new position in Vanguard Information Technology ETF in the fourth quarter valued at approximately $234,000. Patriot Financial Group Insurance Agency LLC grew its stake in shares of Vanguard Information Technology ETF by 19.3% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 944 shares of the exchange traded fund’s stock worth $457,000 after purchasing an additional 153 shares during the period. Ritholtz Wealth Management lifted its stake in Vanguard Information Technology ETF by 2.7% in the fourth quarter. Ritholtz Wealth Management now owns 1,710 shares of the exchange traded fund’s stock valued at $828,000 after buying an additional 45 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Vanguard Information Technology ETF by 23.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,044 shares of the exchange traded fund’s stock worth $1,473,000 after buying an additional 584 shares during the last quarter. Finally, Altfest L J & Co. Inc. acquired a new position in shares of Vanguard Information Technology ETF during the 4th quarter worth about $243,000.

Vanguard Information Technology ETF Trading Up 1.3 %

Shares of NYSEARCA:VGT traded up $6.56 during mid-day trading on Thursday, reaching $495.93. The stock had a trading volume of 287,722 shares, compared to its average volume of 486,418. The firm has a 50 day simple moving average of $514.45 and a two-hundred day simple moving average of $485.06. Vanguard Information Technology ETF has a twelve month low of $374.85 and a twelve month high of $536.63. The firm has a market cap of $62.45 billion, a PE ratio of 36.30 and a beta of 1.41.

Vanguard Information Technology ETF Company 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).