Vanguard Information Technology ETF $VGT Position Cut by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. trimmed its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 0.4% in the second quarter, Holdings Channel reports. The fund owned 179,759 shares of the exchange traded fund’s stock after selling 742 shares during the period. Vanguard Information Technology ETF accounts for about 13.2% of Folger Nolan Fleming Douglas Capital Management Inc.’s portfolio, making the stock its biggest position. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Vanguard Information Technology ETF were worth $119,231,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in VGT. Brighton Jones LLC lifted its position in Vanguard Information Technology ETF by 34.9% during the 4th quarter. Brighton Jones LLC now owns 2,313 shares of the exchange traded fund’s stock worth $1,438,000 after acquiring an additional 598 shares during the period. SG Americas Securities LLC acquired a new stake in Vanguard Information Technology ETF during the 1st quarter worth approximately $507,000. Fifth Third Bancorp lifted its position in Vanguard Information Technology ETF by 16.1% during the 1st quarter. Fifth Third Bancorp now owns 49,342 shares of the exchange traded fund’s stock worth $26,762,000 after acquiring an additional 6,841 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in Vanguard Information Technology ETF during the 1st quarter worth approximately $605,000. Finally, RFG Holdings Inc. lifted its position in Vanguard Information Technology ETF by 87.0% during the 1st quarter. RFG Holdings Inc. now owns 731 shares of the exchange traded fund’s stock worth $398,000 after acquiring an additional 340 shares during the period.

Vanguard Information Technology ETF Trading Down 4.1%

Vanguard Information Technology ETF stock opened at $736.33 on Friday. Vanguard Information Technology ETF has a twelve month low of $451.00 and a twelve month high of $771.58. The stock has a 50 day moving average of $717.25 and a two-hundred day moving average of $642.53. The stock has a market capitalization of $108.94 billion, a price-to-earnings ratio of 34.55 and a beta of 1.16.

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).