Fountainhead AM LLC Purchases 303 Shares of Vanguard Information Technology ETF (NYSEARCA:VGT)

Fountainhead AM LLC grew its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 20.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,813 shares of the exchange traded fund’s stock after acquiring an additional 303 shares during the quarter. Fountainhead AM LLC’s holdings in Vanguard Information Technology ETF were worth $878,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its holdings in shares of Vanguard Information Technology ETF by 0.8% during the third quarter. JPMorgan Chase & Co. now owns 4,868,466 shares of the exchange traded fund’s stock valued at $2,019,927,000 after acquiring an additional 36,740 shares in the last quarter. Morgan Stanley increased its holdings in shares of Vanguard Information Technology ETF by 1.3% during the third quarter. Morgan Stanley now owns 1,861,916 shares of the exchange traded fund’s stock valued at $772,509,000 after acquiring an additional 23,227 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Vanguard Information Technology ETF during the fourth quarter valued at $692,917,000. LPL Financial LLC increased its holdings in shares of Vanguard Information Technology ETF by 6.0% during the third quarter. LPL Financial LLC now owns 1,036,018 shares of the exchange traded fund’s stock valued at $429,844,000 after acquiring an additional 58,893 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Vanguard Information Technology ETF by 14.4% during the third quarter. Ameriprise Financial Inc. now owns 682,089 shares of the exchange traded fund’s stock valued at $282,830,000 after acquiring an additional 85,685 shares in the last quarter.

Vanguard Information Technology ETF Trading Up 1.6 %

NYSEARCA:VGT traded up $7.99 during mid-day trading on Tuesday, reaching $494.45. The company’s stock had a trading volume of 518,801 shares, compared to its average volume of 495,292. Vanguard Information Technology ETF has a 12-month low of $368.39 and a 12-month high of $536.63. The firm’s fifty day moving average price is $515.73 and its two-hundred day moving average price is $482.51. The stock has a market cap of $62.26 billion, a P/E ratio of 37.45 and a beta of 1.37.

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).