Principle Wealth Partners LLC Has $9.68 Million Stock Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Principle Wealth Partners LLC boosted its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 17.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 20,007 shares of the exchange traded fund’s stock after acquiring an additional 2,943 shares during the quarter. Vanguard Information Technology ETF makes up approximately 0.8% of Principle Wealth Partners LLC’s investment portfolio, making the stock its 29th largest holding. Principle Wealth Partners LLC’s holdings in Vanguard Information Technology ETF were worth $9,683,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of VGT. International Assets Investment Management LLC acquired a new position in Vanguard Information Technology ETF in the 4th quarter valued at $692,917,000. Ameriprise Financial Inc. boosted its holdings in Vanguard Information Technology ETF by 14.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 682,089 shares of the exchange traded fund’s stock valued at $282,830,000 after purchasing an additional 85,685 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Vanguard Information Technology ETF by 20.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 468,994 shares of the exchange traded fund’s stock valued at $194,586,000 after purchasing an additional 80,145 shares during the period. LPL Financial LLC boosted its holdings in Vanguard Information Technology ETF by 6.0% in the 3rd quarter. LPL Financial LLC now owns 1,036,018 shares of the exchange traded fund’s stock valued at $429,844,000 after purchasing an additional 58,893 shares during the period. Finally, Comerica Bank bought a new position in Vanguard Information Technology ETF during the 3rd quarter valued at about $20,488,000.

Vanguard Information Technology ETF Trading Up 1.7 %

VGT stock traded up $8.50 during trading on Friday, hitting $503.94. 364,431 shares of the stock traded hands, compared to its average volume of 493,722. Vanguard Information Technology ETF has a one year low of $374.52 and a one year high of $536.63. The stock has a market cap of $63.46 billion, a price-to-earnings ratio of 37.45 and a beta of 1.37. The company has a 50 day simple moving average of $514.86 and a 200 day simple moving average of $483.62.

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).