Covestor Ltd has significantly increased its position in the Vanguard Information Technology ETF, according to its recent disclosure with the Securities & Exchange Commission. The institutional investor now owns 92 shares of the exchange traded fund’s stock, with holdings worth $48,000. This move comes as several other hedge funds and institutional investors have also bought and sold shares of VGT, including UBS Group AG, International Assets Investment Management LLC, Stifel Financial Corp, Beacon Capital Management Inc., and Cerity Partners LLC.
VGT opened at $554.99 on Friday, trading down 0.9%. The ETF has a 12-month low of $397.76 and a high of $609.15, with a market cap of $69.88 billion. Vanguard Information Technology ETF seeks to track the investment performance of the MSCI US Investable Market Information Technology 25/50 Index.
Investors interested in tracking the latest 13F filings and insider trades for Vanguard Information Technology ETF can visit HoldingsChannel.com. Stay updated on the latest news and analyst ratings for VGT by signing up for MarketBeat.com’s daily email newsletter.
Overall, Covestor Ltd’s increased position in VGT reflects a confident outlook on the technology sector and the potential for growth in the ETF. With multiple institutional investors also showing interest in VGT, it demonstrates a continued investor interest in the information technology sector.
Source
Photo credit www.defenseworld.net