Monumental Financial Group Inc. Buys 2,638 Shares of Vanguard Information Technology ETF (NYSEARCA:VGT)

Monumental Financial Group Inc. boosted its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 8.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,787 shares of the exchange traded fund’s stock after buying an additional 2,638 shares during the quarter. Vanguard Information Technology ETF accounts for approximately 10.3% of Monumental Financial Group Inc.’s portfolio, making the stock its 3rd largest holding. Monumental Financial Group Inc.’s holdings in Vanguard Information Technology ETF were worth $17,321,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of Vanguard Information Technology ETF in the fourth quarter valued at about $692,917,000. Ameriprise Financial Inc. lifted its stake in shares of Vanguard Information Technology ETF by 14.4% during the third quarter. Ameriprise Financial Inc. now owns 682,089 shares of the exchange traded fund’s stock valued at $282,830,000 after buying an additional 85,685 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Vanguard Information Technology ETF by 20.6% during the third quarter. Envestnet Asset Management Inc. now owns 468,994 shares of the exchange traded fund’s stock valued at $194,586,000 after buying an additional 80,145 shares during the period. LPL Financial LLC lifted its stake in shares of Vanguard Information Technology ETF by 6.0% during the third quarter. LPL Financial LLC now owns 1,036,018 shares of the exchange traded fund’s stock valued at $429,844,000 after buying an additional 58,893 shares during the period. Finally, Comerica Bank purchased a new position in shares of Vanguard Information Technology ETF during the third quarter valued at approximately $20,488,000.

Vanguard Information Technology ETF Stock Up 1.7 %

Shares of VGT traded up $8.50 on Friday, hitting $503.94. 364,431 shares of the stock traded hands, compared to its average volume of 493,722. The firm has a market capitalization of $63.46 billion, a P/E ratio of 37.45 and a beta of 1.37. The stock’s 50 day moving average is $514.86 and its two-hundred day moving average is $483.99. Vanguard Information Technology ETF has a 1 year low of $374.52 and a 1 year high of $536.63.

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).