Birch Hill Investment Advisors LLC Boosts Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

Birch Hill Investment Advisors LLC raised its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 9.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,649 shares of the exchange traded fund’s stock after buying an additional 147 shares during the quarter. Birch Hill Investment Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $894,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in shares of Vanguard Information Technology ETF in the fourth quarter worth $494,903,000. JPMorgan Chase & Co. lifted its holdings in Vanguard Information Technology ETF by 4.9% in the 4th quarter. JPMorgan Chase & Co. now owns 5,765,957 shares of the exchange traded fund’s stock valued at $3,585,273,000 after acquiring an additional 271,622 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Vanguard Information Technology ETF by 201,628.9% in the 4th quarter. Russell Investments Group Ltd. now owns 229,971 shares of the exchange traded fund’s stock worth $142,996,000 after purchasing an additional 229,857 shares during the period. GAMMA Investing LLC raised its position in Vanguard Information Technology ETF by 54,138.1% during the first quarter. GAMMA Investing LLC now owns 216,410 shares of the exchange traded fund’s stock valued at $117,376,000 after buying an additional 216,011 shares during the period. Finally, Wealthfront Advisers LLC grew its position in Vanguard Information Technology ETF by 621.3% during the fourth quarter. Wealthfront Advisers LLC now owns 216,100 shares of the exchange traded fund’s stock valued at $134,371,000 after purchasing an additional 186,139 shares in the last quarter.

Vanguard Information Technology ETF Trading Up 1.7%

Vanguard Information Technology ETF stock opened at $633.85 on Tuesday. Vanguard Information Technology ETF has a 1-year low of $451.00 and a 1-year high of $648.76. The company has a market capitalization of $89.39 billion, a P/E ratio of 35.89 and a beta of 1.24. The firm’s fifty day simple moving average is $577.15 and its 200-day simple moving average is $594.74.

Vanguard Information Technology ETF Profile

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).