RKL Wealth Management LLC Takes $228,000 Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

RKL Wealth Management LLC acquired a new stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 367 shares of the exchange traded fund’s stock, valued at approximately $228,000.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in Vanguard Information Technology ETF by 10.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,494,335 shares of the exchange traded fund’s stock valued at $3,222,539,000 after buying an additional 501,703 shares during the last quarter. Strategic Financial Concepts LLC grew its holdings in Vanguard Information Technology ETF by 39,912.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,232,769 shares of the exchange traded fund’s stock valued at $766,536,000 after buying an additional 1,229,688 shares during the last quarter. LPL Financial LLC grew its holdings in Vanguard Information Technology ETF by 2.3% in the 3rd quarter. LPL Financial LLC now owns 1,188,742 shares of the exchange traded fund’s stock valued at $697,221,000 after buying an additional 26,845 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Vanguard Information Technology ETF in the 4th quarter valued at approximately $494,903,000. Finally, Harel Insurance Investments & Financial Services Ltd. grew its holdings in Vanguard Information Technology ETF by 311.5% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 674,791 shares of the exchange traded fund’s stock valued at $419,585,000 after buying an additional 510,798 shares during the last quarter.

Vanguard Information Technology ETF Stock Up 1.2 %

VGT opened at $575.87 on Friday. The stock’s 50 day moving average price is $619.75 and its two-hundred day moving average price is $607.06. Vanguard Information Technology ETF has a 12-month low of $478.25 and a 12-month high of $648.76. The firm has a market capitalization of $79.94 billion, a P/E ratio of 36.18 and a beta of 1.16.

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).