Corbyn Investment Management Inc. MD Trims Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Corbyn Investment Management Inc. MD lowered its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,066 shares of the exchange traded fund’s stock after selling 59 shares during the quarter. Corbyn Investment Management Inc. MD’s holdings in Vanguard Information Technology ETF were worth $1,000,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VGT. Bfsg LLC acquired a new position in shares of Vanguard Information Technology ETF in the 4th quarter valued at $27,000. Fountainhead AM LLC lifted its position in Vanguard Information Technology ETF by 20.1% in the fourth quarter. Fountainhead AM LLC now owns 1,813 shares of the exchange traded fund’s stock valued at $878,000 after buying an additional 303 shares during the last quarter. GAMMA Investing LLC purchased a new position in Vanguard Information Technology ETF during the fourth quarter worth about $69,000. National Wealth Management Group LLC increased its position in shares of Vanguard Information Technology ETF by 0.7% during the fourth quarter. National Wealth Management Group LLC now owns 4,027 shares of the exchange traded fund’s stock valued at $1,949,000 after acquiring an additional 28 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of Vanguard Information Technology ETF by 4.5% in the 4th quarter. Larson Financial Group LLC now owns 2,425 shares of the exchange traded fund’s stock valued at $1,174,000 after acquiring an additional 105 shares during the period.

Vanguard Information Technology ETF Price Performance

Shares of VGT stock traded up $9.98 during trading hours on Friday, hitting $505.42. The company had a trading volume of 260,792 shares, compared to its average volume of 492,336. Vanguard Information Technology ETF has a fifty-two week low of $374.52 and a fifty-two week high of $536.63. The company’s fifty day moving average is $514.97 and its 200 day moving average is $482.69. The stock has a market capitalization of $63.64 billion, a PE ratio of 37.45 and a beta of 1.37.

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).