Sovran Advisors LLC Acquires 25,478 Shares of Vanguard Information Technology ETF $VGT

Sovran Advisors LLC boosted its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 731.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,961 shares of the exchange traded fund’s stock after acquiring an additional 25,478 shares during the quarter. Vanguard Information Technology ETF accounts for about 1.6% of Sovran Advisors LLC’s portfolio, making the stock its 9th largest position. Sovran Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $20,207,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Center For Asset Management LLC grew its stake in shares of Vanguard Information Technology ETF by 4.4% in the fourth quarter. Center For Asset Management LLC now owns 334 shares of the exchange traded fund’s stock worth $252,000 after purchasing an additional 14 shares during the last quarter. Roman Butler Fullerton & Co. raised its position in Vanguard Information Technology ETF by 2.4% during the 4th quarter. Roman Butler Fullerton & Co. now owns 587 shares of the exchange traded fund’s stock worth $442,000 after purchasing an additional 14 shares during the last quarter. Plancorp LLC raised its position in Vanguard Information Technology ETF by 0.7% during the 4th quarter. Plancorp LLC now owns 2,099 shares of the exchange traded fund’s stock worth $1,582,000 after purchasing an additional 14 shares during the last quarter. Sand Hill Global Advisors LLC lifted its holdings in Vanguard Information Technology ETF by 2.9% during the 4th quarter. Sand Hill Global Advisors LLC now owns 491 shares of the exchange traded fund’s stock worth $370,000 after buying an additional 14 shares during the period. Finally, Saxony Capital Management LLC lifted its holdings in Vanguard Information Technology ETF by 2.1% during the 4th quarter. Saxony Capital Management LLC now owns 718 shares of the exchange traded fund’s stock worth $541,000 after buying an additional 15 shares during the period.

Vanguard Information Technology ETF Stock Up 0.3%

Shares of NYSEARCA VGT traded up $0.37 during trading on Friday, reaching $118.08. The company had a trading volume of 3,827,990 shares, compared to its average volume of 4,656,782. The stock has a market cap of $144.76 billion, a P/E ratio of 34.55 and a beta of 1.34. The company’s fifty day moving average price is $115.97 and its 200-day moving average price is $101.34. Vanguard Information Technology ETF has a 12 month low of $83.00 and a 12 month high of $126.00.

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). 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.