Pinnacle Associates Ltd. Invests $618,000 in Vanguard Information Technology ETF (VGT)

Pinnacle Associates Ltd. bought a new position in Vanguard Information Technology ETF (NYSEARCA:VGT) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,053 shares of the exchange traded fund’s stock, valued at approximately $618,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VGT. FMR LLC boosted its position in shares of Vanguard Information Technology ETF by 17.0% during the third quarter. FMR LLC now owns 22,411 shares of the exchange traded fund’s stock valued at $4,539,000 after buying an additional 3,259 shares during the last quarter. Dynasty Wealth Management LLC boosted its position in shares of Vanguard Information Technology ETF by 5.8% during the third quarter. Dynasty Wealth Management LLC now owns 5,488 shares of the exchange traded fund’s stock valued at $1,112,000 after buying an additional 301 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of Vanguard Information Technology ETF during the third quarter valued at $505,000. Massmutual Trust Co. FSB ADV boosted its position in shares of Vanguard Information Technology ETF by 13.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 16,775 shares of the exchange traded fund’s stock valued at $3,398,000 after buying an additional 2,020 shares during the last quarter. Finally, Turim 21 Investimentos Ltda. purchased a new stake in shares of Vanguard Information Technology ETF during the third quarter valued at $717,000.

Shares of NYSEARCA:VGT opened at $180.88 on Friday. Vanguard Information Technology ETF has a 52-week low of $157.96 and a 52-week high of $204.44.

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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).

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Want to see what other hedge funds are holding VGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vanguard Information Technology ETF (NYSEARCA:VGT).

Institutional Ownership by Quarter for Vanguard Information Technology ETF (NYSEARCA:VGT)

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