Lido Advisors LLC Buys 39,948 Shares of Vanguard Information Technology ETF $VGT

Lido Advisors LLC grew its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 45.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 128,329 shares of the exchange traded fund’s stock after buying an additional 39,948 shares during the period. Lido Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $95,816,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in VGT. Jefferies Financial Group Inc. purchased a new position in Vanguard Information Technology ETF in the third quarter worth $1,680,300,000. Laurel Wealth Advisors LLC raised its position in Vanguard Information Technology ETF by 210,235.8% during the second quarter. Laurel Wealth Advisors LLC now owns 1,487,074 shares of the exchange traded fund’s stock valued at $986,346,000 after purchasing an additional 1,486,367 shares in the last quarter. Focus Partners Wealth lifted its stake in Vanguard Information Technology ETF by 1,665.5% during the third quarter. Focus Partners Wealth now owns 725,567 shares of the exchange traded fund’s stock worth $541,734,000 after purchasing an additional 684,470 shares during the last quarter. PGIM Custom Harvest LLC lifted its stake in Vanguard Information Technology ETF by 48.7% during the second quarter. PGIM Custom Harvest LLC now owns 781,415 shares of the exchange traded fund’s stock worth $518,297,000 after purchasing an additional 255,787 shares during the last quarter. Finally, Orion Porfolio Solutions LLC boosted its holdings in shares of Vanguard Information Technology ETF by 2,925.1% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 152,433 shares of the exchange traded fund’s stock worth $101,106,000 after purchasing an additional 147,394 shares in the last quarter.

Vanguard Information Technology ETF Trading Down 0.9%

Shares of Vanguard Information Technology ETF stock opened at $714.44 on Monday. The firm has a market capitalization of $106.91 billion, a PE ratio of 34.55 and a beta of 1.25. The business’s 50-day moving average price is $743.59 and its 200-day moving average price is $747.51. Vanguard Information Technology ETF has a 12 month low of $451.00 and a 12 month high of $806.99.

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). 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.