Belpointe Asset Management LLC Cuts Stock Position in Vanguard Information Technology ETF $VGT

Belpointe Asset Management LLC cut its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 30.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 11,336 shares of the exchange traded fund’s stock after selling 5,056 shares during the period. Belpointe Asset Management LLC’s holdings in Vanguard Information Technology ETF were worth $7,519,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Valley National Advisers Inc. raised its position in shares of Vanguard Information Technology ETF by 2.2% during the 2nd quarter. Valley National Advisers Inc. now owns 9,313 shares of the exchange traded fund’s stock worth $6,177,000 after purchasing an additional 197 shares during the last quarter. Duncan Williams Asset Management LLC purchased a new stake in Vanguard Information Technology ETF during the 2nd quarter worth approximately $520,000. Autumn Glory Partners LLC increased its stake in Vanguard Information Technology ETF by 0.9% during the 2nd quarter. Autumn Glory Partners LLC now owns 2,542 shares of the exchange traded fund’s stock worth $1,686,000 after buying an additional 22 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of Vanguard Information Technology ETF by 30.3% during the second quarter. Valeo Financial Advisors LLC now owns 4,623 shares of the exchange traded fund’s stock valued at $3,066,000 after acquiring an additional 1,074 shares during the last quarter. Finally, CPR Investments Inc. purchased a new position in shares of Vanguard Information Technology ETF in the second quarter valued at approximately $219,000.

Vanguard Information Technology ETF Stock Performance

Shares of VGT stock opened at $755.67 on Monday. Vanguard Information Technology ETF has a fifty-two week low of $451.00 and a fifty-two week high of $762.83. The firm has a market capitalization of $109.02 billion, a P/E ratio of 34.55 and a beta of 1.16. The stock’s fifty day moving average is $710.39 and its two-hundred day moving average is $637.02.

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).