Salomon & Ludwin LLC Trims Stock Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

Salomon & Ludwin LLC lowered its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 25.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,818 shares of the exchange traded fund’s stock after selling 2,030 shares during the quarter. Salomon & Ludwin LLC’s holdings in Vanguard Information Technology ETF were worth $3,412,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. J.W. Cole Advisors Inc. raised its stake in shares of Vanguard Information Technology ETF by 5.5% during the third quarter. J.W. Cole Advisors Inc. now owns 13,197 shares of the exchange traded fund’s stock valued at $7,740,000 after acquiring an additional 685 shares in the last quarter. Fischer Investment Strategies LLC bought a new stake in Vanguard Information Technology ETF during the 3rd quarter valued at $1,339,000. Goldstein Advisors LLC lifted its holdings in shares of Vanguard Information Technology ETF by 54.0% in the 3rd quarter. Goldstein Advisors LLC now owns 542 shares of the exchange traded fund’s stock worth $318,000 after buying an additional 190 shares during the period. Frank Rimerman Advisors LLC grew its position in shares of Vanguard Information Technology ETF by 3.6% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 512 shares of the exchange traded fund’s stock worth $300,000 after buying an additional 18 shares in the last quarter. Finally, Modera Wealth Management LLC purchased a new position in shares of Vanguard Information Technology ETF during the third quarter valued at $5,422,000.

Vanguard Information Technology ETF Price Performance

NYSEARCA:VGT opened at $601.96 on Monday. Vanguard Information Technology ETF has a 1-year low of $397.76 and a 1-year high of $610.06. The company has a 50-day moving average of $578.89 and a 200 day moving average of $558.77. The firm has a market cap of $75.80 billion, a PE ratio of 36.30 and a beta of 1.41.

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).