Peapack Gladstone Financial Corp Trims Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

Peapack Gladstone Financial Corp decreased its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,716 shares of the exchange traded fund’s stock after selling 1,619 shares during the period. Peapack Gladstone Financial Corp’s holdings in Vanguard Information Technology ETF were worth $48,325,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the company. Zions Bancorporation N.A. boosted its position in Vanguard Information Technology ETF by 150.0% in the 4th quarter. Zions Bancorporation N.A. now owns 40 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 24 shares in the last quarter. Crowley Wealth Management Inc. purchased a new stake in Vanguard Information Technology ETF during the 4th quarter valued at about $27,000. Brooklyn Investment Group purchased a new position in Vanguard Information Technology ETF during the fourth quarter worth approximately $30,000. Kentucky Trust Co purchased a new stake in shares of Vanguard Information Technology ETF in the fourth quarter valued at about $31,000. Finally, Briaud Financial Planning Inc purchased a new position in Vanguard Information Technology ETF in the fourth quarter worth approximately $31,000.

Vanguard Information Technology ETF Stock Performance

Vanguard Information Technology ETF stock opened at $478.60 on Friday. Vanguard Information Technology ETF has a fifty-two week low of $476.31 and a fifty-two week high of $648.76. The firm has a 50 day moving average price of $589.52 and a 200 day moving average price of $605.44. The company has a market capitalization of $66.65 billion, a PE ratio of 32.38 and a beta of 1.23.

Vanguard Information Technology ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th were given a dividend of $0.7294 per share. The ex-dividend date was Tuesday, March 25th.

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).