Kovack Advisors Inc. Buys 105 Shares of Vanguard Information Technology ETF (NYSEARCA:VGT)

Kovack Advisors Inc. grew its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 3.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,975 shares of the exchange traded fund’s stock after purchasing an additional 105 shares during the quarter. Kovack Advisors Inc.’s holdings in Vanguard Information Technology ETF were worth $1,560,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in VGT. FMR LLC boosted its position in shares of Vanguard Information Technology ETF by 19.4% during the 3rd quarter. FMR LLC now owns 46,464 shares of the exchange traded fund’s stock valued at $19,278,000 after purchasing an additional 7,534 shares in the last quarter. Glenmede Trust Co. NA boosted its stake in Vanguard Information Technology ETF by 3.6% during the third quarter. Glenmede Trust Co. NA now owns 15,321 shares of the exchange traded fund’s stock worth $6,357,000 after acquiring an additional 538 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Vanguard Information Technology ETF by 14.4% in the third quarter. Ameriprise Financial Inc. now owns 682,089 shares of the exchange traded fund’s stock worth $282,830,000 after purchasing an additional 85,685 shares during the period. Legacy Advisors LLC increased its stake in Vanguard Information Technology ETF by 29.7% in the third quarter. Legacy Advisors LLC now owns 1,644 shares of the exchange traded fund’s stock valued at $684,000 after purchasing an additional 376 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Vanguard Information Technology ETF by 0.8% during the third quarter. JPMorgan Chase & Co. now owns 4,868,466 shares of the exchange traded fund’s stock valued at $2,019,927,000 after purchasing an additional 36,740 shares during the period.

Vanguard Information Technology ETF Price Performance

VGT stock opened at $592.89 on Friday. The company’s 50-day moving average is $545.18 and its 200-day moving average is $518.68. The stock has a market capitalization of $74.66 billion, a PE ratio of 36.30 and a beta of 1.41. Vanguard Information Technology ETF has a 1 year low of $397.76 and a 1 year high of $593.10.

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).