Vanguard Information Technology ETF (NYSEARCA:VGT) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lessened its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 8.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,076 shares of the exchange traded fund’s stock after selling 291 shares during the period. Sequoia Financial Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $1,773,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of VGT. UBS Group AG raised its stake in Vanguard Information Technology ETF by 1.8% during the fourth quarter. UBS Group AG now owns 1,762,372 shares of the exchange traded fund’s stock worth $852,988,000 after purchasing an additional 31,323 shares during the period. Stifel Financial Corp raised its holdings in shares of Vanguard Information Technology ETF by 4.3% in the 4th quarter. Stifel Financial Corp now owns 362,743 shares of the exchange traded fund’s stock valued at $175,581,000 after purchasing an additional 14,861 shares in the last quarter. Beacon Capital Management Inc. raised its holdings in Vanguard Information Technology ETF by 189.0% during the first quarter. Beacon Capital Management Inc. now owns 317,241 shares of the exchange traded fund’s stock worth $166,685,000 after purchasing an additional 207,468 shares in the last quarter. Annex Advisory Services LLC increased its position in Vanguard Information Technology ETF by 42.1% during the second quarter. Annex Advisory Services LLC now owns 267,367 shares of the exchange traded fund’s stock worth $154,161,000 after buying an additional 79,244 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Vanguard Information Technology ETF by 0.8% during the first quarter. Janney Montgomery Scott LLC now owns 244,049 shares of the exchange traded fund’s stock worth $127,965,000 after buying an additional 1,819 shares during the period.

Vanguard Information Technology ETF Price Performance

Shares of NYSEARCA VGT traded up $12.23 during trading on Tuesday, hitting $550.65. 355,183 shares of the company were exchanged, compared to its average volume of 479,734. The company has a market cap of $69.34 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41. The firm’s fifty day moving average price is $569.56 and its 200 day moving average price is $535.44. Vanguard Information Technology ETF has a 1 year low of $397.76 and a 1 year high of $609.15.

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).