Red Mountain Financial LLC cut its stake in Vanguard Information Technology ETF (NYSEARCA:VGT – Free Report) by 38.4% in the second quarter, HoldingsChannel.com reports. The fund owned 599 shares of the exchange traded fund’s stock after selling 374 shares during the period. Red Mountain Financial LLC’s holdings in Vanguard Information Technology ETF were worth $397,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Cordant Inc. bought a new stake in shares of Vanguard Information Technology ETF in the first quarter worth approximately $28,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Vanguard Information Technology ETF in the first quarter worth approximately $28,000. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Vanguard Information Technology ETF in the first quarter worth approximately $32,000. MorganRosel Wealth Management LLC bought a new stake in shares of Vanguard Information Technology ETF in the first quarter worth approximately $33,000. Finally, BankPlus Trust Department grew its position in Vanguard Information Technology ETF by 169.2% during the first quarter. BankPlus Trust Department now owns 70 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 44 shares during the period.
Vanguard Information Technology ETF Trading Up 0.7%
Shares of NYSEARCA VGT opened at $757.99 on Friday. The firm has a 50 day moving average of $709.05 and a 200 day moving average of $634.66. The firm has a market capitalization of $109.36 billion, a price-to-earnings ratio of 34.55 and a beta of 1.16. Vanguard Information Technology ETF has a 12-month low of $451.00 and a 12-month high of $760.50.
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).
Recommended Stories
- Five stocks we like better than Vanguard Information Technology ETF
- What is an Earnings Surprise?
- General Dynamics Hits New Highs: Why It Might Keep Climbing
- Differences Between Momentum Investing and Long Term Investing
- Nike’s Turnaround: If the Shoe Fits, Buy It!
- ESG Stocks, What Investors Should Know
- NVIDIA Breaks Out to New Highs: What Comes Next?
Want to see what other hedge funds are holding VGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vanguard Information Technology ETF (NYSEARCA:VGT – Free Report).
Receive News & Ratings for Vanguard Information Technology ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vanguard Information Technology ETF and related companies with MarketBeat.com's FREE daily email newsletter.
