Novare Capital Management LLC Trims Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

Novare Capital Management LLC trimmed its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 9.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 465 shares of the exchange traded fund’s stock after selling 49 shares during the period. Novare Capital Management LLC’s holdings in Vanguard Information Technology ETF were worth $268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the company. Beacon Capital Management Inc. raised its position in Vanguard Information Technology ETF by 189.0% during the 1st quarter. Beacon Capital Management Inc. now owns 317,241 shares of the exchange traded fund’s stock worth $166,685,000 after buying an additional 207,468 shares during the last quarter. Cetera Investment Advisers grew its stake in Vanguard Information Technology ETF by 665.9% in the 1st quarter. Cetera Investment Advisers now owns 236,855 shares of the exchange traded fund’s stock valued at $124,193,000 after acquiring an additional 205,928 shares during the period. Annex Advisory Services LLC grew its stake in Vanguard Information Technology ETF by 73.1% in the 4th quarter. Annex Advisory Services LLC now owns 188,711 shares of the exchange traded fund’s stock valued at $91,337,000 after acquiring an additional 79,719 shares during the period. Gratus Capital LLC grew its stake in Vanguard Information Technology ETF by 587.1% in the 4th quarter. Gratus Capital LLC now owns 90,337 shares of the exchange traded fund’s stock valued at $43,723,000 after acquiring an additional 77,189 shares during the period. Finally, Hollencrest Capital Management grew its stake in Vanguard Information Technology ETF by 953.0% in the 1st quarter. Hollencrest Capital Management now owns 59,798 shares of the exchange traded fund’s stock valued at $31,355,000 after acquiring an additional 54,119 shares during the period.

Vanguard Information Technology ETF Trading Down 4.4 %

Shares of VGT stock opened at $548.69 on Wednesday. The company’s 50-day moving average price is $570.34 and its 200-day moving average price is $542.45. The stock has a market cap of $69.09 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41. Vanguard Information Technology ETF has a twelve month low of $397.76 and a twelve month 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).