Russell Investments Group Ltd. Has $143 Million Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

Russell Investments Group Ltd. lifted its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 201,628.9% during the 4th quarter, Holdings Channel reports. The firm owned 229,971 shares of the exchange traded fund’s stock after acquiring an additional 229,857 shares during the period. Russell Investments Group Ltd.’s holdings in Vanguard Information Technology ETF were worth $142,996,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Sovereign Financial Group Inc. lifted its position in Vanguard Information Technology ETF by 0.9% in the 4th quarter. Sovereign Financial Group Inc. now owns 2,015 shares of the exchange traded fund’s stock valued at $1,253,000 after acquiring an additional 17 shares in the last quarter. Sfmg LLC grew its stake in Vanguard Information Technology ETF by 2.8% in the third quarter. Sfmg LLC now owns 700 shares of the exchange traded fund’s stock valued at $411,000 after purchasing an additional 19 shares in the last quarter. Bare Financial Services Inc increased its position in shares of Vanguard Information Technology ETF by 2.1% during the 4th quarter. Bare Financial Services Inc now owns 928 shares of the exchange traded fund’s stock worth $577,000 after purchasing an additional 19 shares during the last quarter. Hamilton Point Investment Advisors LLC raised its stake in shares of Vanguard Information Technology ETF by 2.6% during the 4th quarter. Hamilton Point Investment Advisors LLC now owns 788 shares of the exchange traded fund’s stock worth $490,000 after purchasing an additional 20 shares in the last quarter. Finally, Hemington Wealth Management boosted its holdings in shares of Vanguard Information Technology ETF by 16.8% in the 4th quarter. Hemington Wealth Management now owns 139 shares of the exchange traded fund’s stock valued at $86,000 after buying an additional 20 shares during the last quarter.

Vanguard Information Technology ETF Trading Down 6.4 %

Shares of VGT opened at $478.60 on Friday. The company’s fifty day simple moving average is $589.52 and its 200 day simple moving average is $605.17. Vanguard Information Technology ETF has a 1-year low of $476.31 and a 1-year high of $648.76. The company has a market cap of $66.65 billion, a price-to-earnings ratio of 32.38 and a beta of 1.23.

Vanguard Information Technology ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th were given a $0.7294 dividend. The ex-dividend date of this dividend was Tuesday, March 25th.

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).