SwitchPoint Financial Planning LLC Makes New $316,000 Investment in Vanguard Information Technology ETF (NYSEARCA:VGT)

SwitchPoint Financial Planning LLC bought a new stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 508 shares of the exchange traded fund’s stock, valued at approximately $316,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Strategic Financial Concepts LLC lifted its stake in Vanguard Information Technology ETF by 39,912.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,232,769 shares of the exchange traded fund’s stock worth $766,536,000 after purchasing an additional 1,229,688 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Vanguard Information Technology ETF in the fourth quarter valued at approximately $494,903,000. Harel Insurance Investments & Financial Services Ltd. lifted 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 buying an additional 510,798 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Vanguard Information Technology ETF by 10.0% during the third quarter. JPMorgan Chase & Co. now owns 5,494,335 shares of the exchange traded fund’s stock worth $3,222,539,000 after buying an additional 501,703 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its holdings in Vanguard Information Technology ETF by 621.3% in the 4th quarter. Wealthfront Advisers LLC now owns 216,100 shares of the exchange traded fund’s stock valued at $134,371,000 after buying an additional 186,139 shares in the last quarter.

Vanguard Information Technology ETF Stock Up 0.3 %

Shares of VGT opened at $577.08 on Wednesday. The stock has a fifty day simple moving average of $604.85 and a two-hundred day simple moving average of $607.03. The company has a market capitalization of $80.38 billion, a PE ratio of 33.62 and a beta of 1.17. Vanguard Information Technology ETF has a 52-week low of $478.25 and a 52-week high of $648.76.

Vanguard Information Technology ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th will be paid a dividend of $0.7294 per share. The ex-dividend date is Tuesday, March 25th.

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).