Vanguard Information Technology ETF $VGT Stock Sold by White Lighthouse Investment Management Inc.

White Lighthouse Investment Management Inc. trimmed its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 2.6% in the third quarter, Holdings Channel reports. The institutional investor owned 246,375 shares of the exchange traded fund’s stock after selling 6,653 shares during the period. Vanguard Information Technology ETF makes up 3.7% of White Lighthouse Investment Management Inc.’s holdings, making the stock its 7th largest holding. White Lighthouse Investment Management Inc.’s holdings in Vanguard Information Technology ETF were worth $30,962,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VGT. Vestor Capital LLC acquired a new stake in Vanguard Information Technology ETF during the first quarter worth approximately $70,000. Robinswood Financial LLC bought a new position in Vanguard Information Technology ETF during the 1st quarter worth $80,000. Fairway Wealth LLC increased its stake in Vanguard Information Technology ETF by 3,400.0% during the 1st quarter. Fairway Wealth LLC now owns 140 shares of the exchange traded fund’s stock worth $98,000 after acquiring an additional 136 shares during the period. Evolution Wealth Management Inc. increased its stake in Vanguard Information Technology ETF by 1,181.8% during the 1st quarter. Evolution Wealth Management Inc. now owns 141 shares of the exchange traded fund’s stock worth $98,000 after acquiring an additional 130 shares during the period. Finally, Portus Wealth Advisors LLC acquired a new position in Vanguard Information Technology ETF in the 1st quarter valued at $140,000.

Vanguard Information Technology ETF Price Performance

Shares of NYSEARCA VGT opened at $122.25 on Thursday. The stock has a market capitalization of $150.38 billion, a PE ratio of 34.55 and a beta of 1.34. The business has a fifty day moving average price of $122.52 and a two-hundred day moving average price of $115.82. Vanguard Information Technology ETF has a fifty-two week low of $83.09 and a fifty-two week high of $130.66.

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). 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.