Riggs Capital Management LLC Makes New Investment in Vanguard Information Technology ETF (NYSEARCA:VGT)

Riggs Capital Management LLC acquired a new stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,106 shares of the exchange traded fund’s stock, valued at approximately $1,310,000. Vanguard Information Technology ETF makes up approximately 1.3% of Riggs Capital Management LLC’s portfolio, making the stock its 22nd biggest position.

Other institutional investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Vanguard Information Technology ETF by 45.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 93 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 29 shares during the last quarter. Principal Securities Inc. lifted its holdings in shares of Vanguard Information Technology ETF by 20.4% in the fourth quarter. Principal Securities Inc. now owns 667 shares of the exchange traded fund’s stock valued at $415,000 after purchasing an additional 113 shares in the last quarter. Carnegie Investment Counsel boosted its position in shares of Vanguard Information Technology ETF by 5.4% during the fourth quarter. Carnegie Investment Counsel now owns 2,269 shares of the exchange traded fund’s stock valued at $1,411,000 after buying an additional 117 shares during the last quarter. FMR LLC grew its holdings in Vanguard Information Technology ETF by 11.0% during the third quarter. FMR LLC now owns 64,373 shares of the exchange traded fund’s stock worth $37,756,000 after buying an additional 6,396 shares in the last quarter. Finally, Atlantic Family Wealth LLC bought a new stake in Vanguard Information Technology ETF during the fourth quarter worth $4,181,000.

Vanguard Information Technology ETF Trading Down 2.5 %

Shares of NYSEARCA:VGT opened at $543.24 on Monday. The stock has a market cap of $75.66 billion, a PE ratio of 33.62 and a beta of 1.17. The stock’s fifty day simple moving average is $600.74 and its two-hundred day simple moving average is $607.14. Vanguard Information Technology ETF has a 1-year low of $478.25 and a 1-year high of $648.76.

Vanguard Information Technology ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were given a dividend of $0.7294 per share. The ex-dividend date of this dividend was 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).