KCM Investment Advisors LLC Cuts Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

KCM Investment Advisors LLC lowered its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,511 shares of the exchange traded fund’s stock after selling 1,870 shares during the quarter. Vanguard Information Technology ETF accounts for about 1.6% of KCM Investment Advisors LLC’s investment portfolio, making the stock its 16th biggest holding. KCM Investment Advisors LLC owned 0.06% of Vanguard Information Technology ETF worth $46,635,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stonebridge Capital Advisors LLC bought a new position in Vanguard Information Technology ETF during the 1st quarter valued at about $212,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Vanguard Information Technology ETF during the first quarter valued at approximately $1,238,000. Koshinski Asset Management Inc. bought a new position in Vanguard Information Technology ETF during the first quarter valued at approximately $371,000. Blair William & Co. IL boosted its holdings in Vanguard Information Technology ETF by 1.4% in the first quarter. Blair William & Co. IL now owns 32,312 shares of the exchange traded fund’s stock worth $16,942,000 after purchasing an additional 442 shares during the last quarter. Finally, Orion Portfolio Solutions LLC grew its position in Vanguard Information Technology ETF by 21.2% in the 1st quarter. Orion Portfolio Solutions LLC now owns 4,356 shares of the exchange traded fund’s stock worth $2,284,000 after purchasing an additional 761 shares during the period.

Vanguard Information Technology ETF Stock Down 1.4 %

VGT traded down $8.49 during mid-day trading on Friday, reaching $609.49. 82,790 shares of the company traded hands, compared to its average volume of 459,886. The company’s fifty day moving average price is $589.67 and its 200-day moving average price is $568.48. The stock has a market capitalization of $76.75 billion, a P/E ratio of 36.30 and a beta of 1.41. Vanguard Information Technology ETF has a 52-week low of $452.47 and a 52-week high of $626.45.

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).