Howe & Rusling Inc. Decreases Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

Howe & Rusling Inc. reduced its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 43.3% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 858 shares of the exchange traded fund’s stock after selling 654 shares during the quarter. Howe & Rusling Inc.’s holdings in Vanguard Information Technology ETF were worth $534,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Zions Bancorporation N.A. increased its position in Vanguard Information Technology ETF by 150.0% in the fourth quarter. Zions Bancorporation N.A. now owns 40 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 24 shares during the last quarter. Crowley Wealth Management Inc. purchased a new position in shares of Vanguard Information Technology ETF during the 4th quarter valued at $27,000. Brooklyn Investment Group purchased a new stake in Vanguard Information Technology ETF in the 4th quarter worth about $30,000. Kentucky Trust Co purchased a new stake in Vanguard Information Technology ETF in the 4th quarter worth about $31,000. Finally, Briaud Financial Planning Inc bought a new stake in Vanguard Information Technology ETF in the 4th quarter valued at about $31,000.

Vanguard Information Technology ETF Stock Down 1.1 %

VGT opened at $557.24 on Friday. The company has a market capitalization of $77.61 billion, a price-to-earnings ratio of 33.62 and a beta of 1.17. The firm has a 50-day moving average price of $602.42 and a 200-day moving average price of $606.38. Vanguard Information Technology ETF has a twelve month low of $478.25 and a twelve month high of $648.76.

Vanguard Information Technology ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were paid a $0.7294 dividend. The ex-dividend date of this dividend was Tuesday, March 25th.

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).