Allen Mooney & Barnes Investment Advisors LLC Sells 162 Shares of Vanguard Information Technology ETF (NYSEARCA:VGT)

Allen Mooney & Barnes Investment Advisors LLC cut its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 22.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 551 shares of the exchange traded fund’s stock after selling 162 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $299,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Vanguard Information Technology ETF during the fourth quarter worth about $494,903,000. JPMorgan Chase & Co. boosted its position in Vanguard Information Technology ETF by 4.9% during the 4th quarter. JPMorgan Chase & Co. now owns 5,765,957 shares of the exchange traded fund’s stock worth $3,585,273,000 after buying an additional 271,622 shares during the period. Russell Investments Group Ltd. grew its holdings in Vanguard Information Technology ETF by 201,628.9% during the 4th quarter. Russell Investments Group Ltd. now owns 229,971 shares of the exchange traded fund’s stock worth $142,996,000 after acquiring an additional 229,857 shares during the last quarter. GAMMA Investing LLC increased its position in Vanguard Information Technology ETF by 54,138.1% in the 1st quarter. GAMMA Investing LLC now owns 216,410 shares of the exchange traded fund’s stock valued at $117,376,000 after acquiring an additional 216,011 shares during the period. Finally, Wealthfront Advisers LLC raised its stake in shares of Vanguard Information Technology ETF by 621.3% during the fourth quarter. Wealthfront Advisers LLC now owns 216,100 shares of the exchange traded fund’s stock valued at $134,371,000 after acquiring an additional 186,139 shares during the last quarter.

Vanguard Information Technology ETF Stock Performance

Shares of NYSEARCA:VGT opened at $629.27 on Thursday. Vanguard Information Technology ETF has a 52 week low of $451.00 and a 52 week high of $648.76. The firm has a market cap of $88.74 billion, a PE ratio of 35.89 and a beta of 1.24. The firm’s fifty day moving average is $567.75 and its 200-day moving average is $594.87.

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).