Financial Perspectives Inc Lowers Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

Financial Perspectives Inc cut its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 3.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 24,508 shares of the exchange traded fund’s stock after selling 899 shares during the period. Vanguard Information Technology ETF makes up about 4.9% of Financial Perspectives Inc’s holdings, making the stock its 4th largest holding. Financial Perspectives Inc’s holdings in Vanguard Information Technology ETF were worth $12,850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in VGT. Bfsg LLC purchased a new position in Vanguard Information Technology ETF during the fourth quarter worth about $27,000. Signature Resources Capital Management LLC purchased a new position in Vanguard Information Technology ETF during the fourth quarter worth about $28,000. OLD Second National Bank of Aurora purchased a new position in Vanguard Information Technology ETF during the fourth quarter worth about $29,000. Richardson Capital Management LLC purchased a new position in Vanguard Information Technology ETF during the first quarter worth about $29,000. Finally, Opal Wealth Advisors LLC purchased a new position in Vanguard Information Technology ETF during the first quarter worth about $34,000.

Vanguard Information Technology ETF Stock Performance

Vanguard Information Technology ETF stock traded up $6.77 during midday trading on Thursday, hitting $592.89. 378,047 shares of the company’s stock were exchanged, compared to its average volume of 456,245. The stock has a 50-day moving average price of $545.18 and a two-hundred day moving average price of $518.68. Vanguard Information Technology ETF has a 52-week low of $397.76 and a 52-week high of $593.10. The company has a market cap of $74.66 billion, a P/E ratio of 36.30 and a beta of 1.41.

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).