Soundwatch Capital LLC Increases Stock Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

Soundwatch Capital LLC increased its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 6.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 930 shares of the exchange traded fund’s stock after purchasing an additional 57 shares during the quarter. Vanguard Information Technology ETF makes up 0.1% of Soundwatch Capital LLC’s holdings, making the stock its 22nd biggest position. Soundwatch Capital LLC’s holdings in Vanguard Information Technology ETF were worth $578,000 at the end of the most recent reporting period.

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

Vanguard Information Technology ETF Price Performance

Shares of VGT opened at $478.60 on Monday. The firm has a market capitalization of $66.65 billion, a price-to-earnings ratio of 32.38 and a beta of 1.23. Vanguard Information Technology ETF has a 1-year low of $451.68 and a 1-year high of $648.76. The company has a 50-day moving average of $589.52 and a 200 day moving average of $605.75.

Vanguard Information Technology ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were paid a $0.7294 dividend. The ex-dividend date of this dividend was 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).