Westside Investment Management Inc. Decreases Stock Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Westside Investment Management Inc. cut its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 44.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 845 shares of the exchange traded fund’s stock after selling 680 shares during the quarter. Westside Investment Management Inc.’s holdings in Vanguard Information Technology ETF were worth $443,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in VGT. Bfsg LLC purchased a new position in Vanguard Information Technology ETF in the 4th quarter valued at about $27,000. Signature Resources Capital Management LLC purchased a new position in Vanguard Information Technology ETF in the 4th quarter valued at about $28,000. OLD Second National Bank of Aurora purchased a new position in Vanguard Information Technology ETF in the 4th quarter valued at about $29,000. Richardson Capital Management LLC purchased a new position in Vanguard Information Technology ETF in the 1st quarter valued at about $29,000. Finally, Opal Wealth Advisors LLC purchased a new position in Vanguard Information Technology ETF in the 1st quarter valued at about $34,000.

Vanguard Information Technology ETF Price Performance

NYSEARCA VGT opened at $592.89 on Thursday. 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 has a 12 month low of $397.76 and a 12 month high of $593.10. The company has a 50-day moving average of $543.23 and a 200-day moving average of $518.16.

Vanguard Information Technology ETF 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).