Everest Management Corp. Takes $239,000 Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Everest Management Corp. acquired a new position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) in the fourth quarter, HoldingsChannel reports. The firm acquired 385 shares of the exchange traded fund’s stock, valued at approximately $239,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sovereign Financial Group Inc. boosted its holdings in shares of Vanguard Information Technology ETF by 0.9% during the fourth quarter. Sovereign Financial Group Inc. now owns 2,015 shares of the exchange traded fund’s stock worth $1,253,000 after purchasing an additional 17 shares during the last quarter. Sfmg LLC boosted its stake in Vanguard Information Technology ETF by 2.8% in the 3rd quarter. Sfmg LLC now owns 700 shares of the exchange traded fund’s stock worth $411,000 after buying an additional 19 shares during the last quarter. Bare Financial Services Inc grew its holdings in Vanguard Information Technology ETF by 2.1% in the 4th quarter. Bare Financial Services Inc now owns 928 shares of the exchange traded fund’s stock valued at $577,000 after buying an additional 19 shares during the period. Hamilton Point Investment Advisors LLC increased 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 valued at $490,000 after acquiring an additional 20 shares during the last quarter. Finally, Hemington Wealth Management increased its stake in shares of Vanguard Information Technology ETF by 16.8% during the 4th quarter. Hemington Wealth Management now owns 139 shares of the exchange traded fund’s stock valued at $86,000 after acquiring an additional 20 shares during the last quarter.

Vanguard Information Technology ETF Stock Performance

VGT opened at $525.79 on Wednesday. Vanguard Information Technology ETF has a 1 year low of $451.00 and a 1 year high of $648.76. The company’s 50 day simple moving average is $569.59 and its 200 day simple moving average is $600.75. The stock has a market capitalization of $73.22 billion, a PE ratio of 32.38 and a beta of 1.23.

Vanguard Information Technology ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were issued a $0.7294 dividend. The ex-dividend date of this dividend was Tuesday, March 25th.

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).