Bay Capital Advisors LLC Purchases Shares of 734 Vanguard Information Technology ETF (NYSEARCA:VGT)

Bay Capital Advisors LLC acquired a new position in Vanguard Information Technology ETF (NYSEARCA:VGT) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 734 shares of the exchange traded fund’s stock, valued at approximately $456,000.

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

Vanguard Information Technology ETF Trading Up 1.9 %

VGT stock opened at $575.39 on Tuesday. The stock has a market capitalization of $80.14 billion, a price-to-earnings ratio of 33.62 and a beta of 1.17. The firm’s 50-day moving average price is $605.50 and its two-hundred day moving average price is $606.72. Vanguard Information Technology ETF has a 12-month low of $478.25 and a 12-month high of $648.76.

Vanguard Information Technology ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 25th will be issued a dividend of $0.7294 per share. The ex-dividend date is Tuesday, March 25th.

About Vanguard Information Technology ETF

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).