Concentrum Wealth Management Grows Stock Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

Concentrum Wealth Management grew its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 9.5% during the 4th quarter, HoldingsChannel reports. The fund owned 3,415 shares of the exchange traded fund’s stock after buying an additional 296 shares during the period. Vanguard Information Technology ETF comprises 0.7% of Concentrum Wealth Management’s portfolio, making the stock its 23rd biggest holding. Concentrum Wealth Management’s holdings in Vanguard Information Technology ETF were worth $2,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Zions Bancorporation N.A. lifted its holdings in Vanguard Information Technology ETF by 150.0% during the 4th quarter. Zions Bancorporation N.A. now owns 40 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 24 shares in the last quarter. Crowley Wealth Management Inc. purchased a new position in Vanguard Information Technology ETF during the 4th quarter valued at about $27,000. Brooklyn Investment Group bought a new stake in shares of Vanguard Information Technology ETF during the fourth quarter valued at about $30,000. Kentucky Trust Co bought a new position in shares of Vanguard Information Technology ETF in the fourth quarter valued at approximately $31,000. Finally, Briaud Financial Planning Inc bought a new position in shares of Vanguard Information Technology ETF in the fourth quarter valued at approximately $31,000.

Vanguard Information Technology ETF Trading Down 6.4 %

Vanguard Information Technology ETF stock opened at $478.60 on Monday. The firm’s 50 day simple moving average is $589.52 and its 200 day simple moving average is $605.75. Vanguard Information Technology ETF has a 1-year low of $451.68 and a 1-year high of $648.76. The firm has a market capitalization of $66.65 billion, a PE 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. Investors of record on Tuesday, March 25th were paid a dividend of $0.7294 per share. The ex-dividend date was Tuesday, March 25th.

Vanguard Information Technology ETF Company 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).