Covestor Ltd has increased its position in Vanguard Information Technology ETF by 187.5% during the 1st quarter, according to recent disclosures with the Securities & Exchange Commission. The institutional investor now owns 92 shares of the ETF’s stock, worth $48,000. Other hedge funds and institutional investors, such as UBS Group AG and Beacon Capital Management Inc., have also been increasing their holdings in Vanguard Information Technology ETF.
Shares of VGT opened at $554.99 on Friday, trading down 0.9%. The ETF seeks to track the MSCI US Investable Market Information Technology 25/50 Index, which includes large-, mid-, and small-cap US stocks in the information technology sector. With a market cap of $69.88 billion and a beta of 1.41, Vanguard Information Technology ETF has a 12-month low of $397.76 and a high of $609.15.
Investors can stay informed about the latest 13F filings and insider trades for Vanguard Information Technology ETF by visiting HoldingsChannel.com. By subscribing to MarketBeat.com’s daily email newsletter, investors can receive concise daily summaries of news and analyst ratings for Vanguard Information Technology ETF and related companies. With a strong interest from institutional investors and continued growth in the technology sector, Vanguard Information Technology ETF remains an attractive option for those looking to invest in the industry.
Source
Photo credit www.defenseworld.net