Parker Investment Management LLC Boosts Stock Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Parker Investment Management LLC increased its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,154 shares of the exchange traded fund’s stock after acquiring an additional 43 shares during the quarter. Vanguard Information Technology ETF comprises approximately 0.7% of Parker Investment Management LLC’s holdings, making the stock its 16th biggest position. Parker Investment Management LLC’s holdings in Vanguard Information Technology ETF were worth $4,449,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. purchased a new stake in shares of Vanguard Information Technology ETF during the third quarter worth about $30,000. Brooklyn Investment Group purchased a new stake in Vanguard Information Technology ETF during the 4th quarter valued at approximately $30,000. Kentucky Trust Co bought a new stake in Vanguard Information Technology ETF in the 4th quarter valued at $31,000. Coastline Trust Co bought a new stake in shares of Vanguard Information Technology ETF in the third quarter worth about $32,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Vanguard Information Technology ETF by 107.1% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 58 shares of the exchange traded fund’s stock worth $34,000 after acquiring an additional 30 shares in the last quarter.

Vanguard Information Technology ETF Stock Performance

Shares of VGT opened at $550.07 on Tuesday. The stock has a market capitalization of $76.36 billion, a PE ratio of 36.18 and a beta of 1.16. The company’s fifty day moving average is $618.20 and its 200 day moving average is $607.09. Vanguard Information Technology ETF has a fifty-two week low of $478.25 and a fifty-two week high of $648.76.

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).