Lido Advisors LLC Boosts Stake in Vanguard Information Technology ETF $VGT

Lido Advisors LLC lifted its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 8.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 218,616 shares of the exchange traded fund’s stock after acquiring an additional 17,308 shares during the period. Vanguard Information Technology ETF accounts for about 0.5% of Lido Advisors LLC’s investment portfolio, making the stock its 22nd largest holding. Lido Advisors LLC owned about 0.15% of Vanguard Information Technology ETF worth $152,534,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in Vanguard Information Technology ETF by 4.1% in the fourth quarter. JPMorgan Chase & Co. now owns 6,420,110 shares of the exchange traded fund’s stock worth $4,839,352,000 after purchasing an additional 252,341 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Vanguard Information Technology ETF by 1.2% during the 4th quarter. Morgan Stanley now owns 2,151,255 shares of the exchange traded fund’s stock valued at $1,621,574,000 after buying an additional 25,901 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Vanguard Information Technology ETF by 1.2% during the 4th quarter. Wells Fargo & Company MN now owns 1,543,645 shares of the exchange traded fund’s stock valued at $1,163,569,000 after buying an additional 18,634 shares in the last quarter. LPL Financial LLC grew its position in shares of Vanguard Information Technology ETF by 3.1% in the 4th quarter. LPL Financial LLC now owns 1,301,922 shares of the exchange traded fund’s stock worth $981,363,000 after buying an additional 39,217 shares during the period. Finally, Focus Partners Wealth grew its position in shares of Vanguard Information Technology ETF by 78.8% in the 4th quarter. Focus Partners Wealth now owns 1,297,055 shares of the exchange traded fund’s stock worth $977,603,000 after buying an additional 571,488 shares during the period.

Vanguard Information Technology ETF Price Performance

Shares of Vanguard Information Technology ETF stock opened at $115.62 on Thursday. The company has a 50-day moving average of $116.78 and a 200 day moving average of $102.51. The firm has a market cap of $141.74 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34. Vanguard Information Technology ETF has a 1 year low of $83.09 and a 1 year high of $126.00.

Vanguard Information Technology ETF 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). This GICS sector is made up of companies in three areas: technology software and services, including companies that develop software in various fields (such as the Internet, applications, systems, databases, and/or home entertainment), and companies that provide information technology consulting and services, data processing, and outsourced services; technology hardware and equipment, including manufacturers and distributors of communications equipment, computers and peripherals and electronic equipment, and semiconductors and semiconductor equipment manufacturers.