Vanguard Information Technology ETF $VGT Shares Sold by Hollencrest Capital Management

Hollencrest Capital Management lessened its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 42.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 33,999 shares of the exchange traded fund’s stock after selling 24,736 shares during the quarter. Hollencrest Capital Management’s holdings in Vanguard Information Technology ETF were worth $4,064,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of VGT. Kingdom Financial Group LLC. purchased a new position in Vanguard Information Technology ETF during the fourth quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Vanguard Information Technology ETF by 497.4% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 233 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 194 shares in the last quarter. RHL Group LLC purchased a new stake in shares of Vanguard Information Technology ETF in the fourth quarter valued at approximately $31,000. Jessup Wealth Management Inc acquired a new position in shares of Vanguard Information Technology ETF during the 4th quarter worth approximately $31,000. Finally, Semmax Financial Advisors Inc. acquired a new position in shares of Vanguard Information Technology ETF during the 2nd quarter worth approximately $31,000.

Vanguard Information Technology ETF Price Performance

Shares of NYSEARCA:VGT opened at $120.07 on Friday. Vanguard Information Technology ETF has a 1 year low of $83.09 and a 1 year high of $126.00. The firm has a market capitalization of $147.20 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34. The business’s 50 day moving average price is $116.96 and its 200-day moving average price is $106.91.

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). This GICS sector is made up of companies in three areas: technology software and services, including companies that develop software in various fields (such as the Internet, applications, systems, databases, and/or home entertainment), and companies that provide information technology consulting and services, data processing, and outsourced services; technology hardware and equipment, including manufacturers and distributors of communications equipment, computers and peripherals and electronic equipment, and semiconductors and semiconductor equipment manufacturers.