Vanguard Information Technology ETF $VGT Shares Sold by Marotta Asset Management

Marotta Asset Management trimmed its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 8.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,916 shares of the exchange traded fund’s stock after selling 3,770 shares during the quarter. Vanguard Information Technology ETF makes up about 5.8% of Marotta Asset Management’s holdings, making the stock its 4th biggest position. Marotta Asset Management’s holdings in Vanguard Information Technology ETF were worth $31,595,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Jefferies Financial Group Inc. acquired a new stake in Vanguard Information Technology ETF during the 3rd quarter worth $1,680,300,000. Laurel Wealth Advisors LLC increased its stake in Vanguard Information Technology ETF by 210,235.8% in the second quarter. Laurel Wealth Advisors LLC now owns 1,487,074 shares of the exchange traded fund’s stock valued at $986,346,000 after purchasing an additional 1,486,367 shares during the period. Focus Partners Wealth increased its stake in Vanguard Information Technology ETF by 1,665.5% in the third quarter. Focus Partners Wealth now owns 725,567 shares of the exchange traded fund’s stock valued at $541,734,000 after purchasing an additional 684,470 shares during the period. Strategic Investment Advisors MI purchased a new stake in shares of Vanguard Information Technology ETF in the third quarter valued at about $237,501,000. Finally, PGIM Custom Harvest LLC raised its holdings in shares of Vanguard Information Technology ETF by 48.7% in the second quarter. PGIM Custom Harvest LLC now owns 781,415 shares of the exchange traded fund’s stock valued at $518,297,000 after buying an additional 255,787 shares during the last quarter.

Vanguard Information Technology ETF Stock Performance

Shares of VGT opened at $705.13 on Friday. Vanguard Information Technology ETF has a fifty-two week low of $451.00 and a fifty-two week high of $806.99. The firm has a 50-day simple moving average of $739.44 and a 200-day simple moving average of $747.52. The company has a market capitalization of $105.52 billion, a price-to-earnings ratio of 34.55 and a beta of 1.25.

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). 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.