Vanguard Information Technology ETF (NYSEARCA:VGT) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. trimmed its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,870 shares of the exchange traded fund’s stock after selling 79 shares during the period. Kovack Advisors Inc.’s holdings in Vanguard Information Technology ETF were worth $1,389,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in Vanguard Information Technology ETF by 0.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,868,466 shares of the exchange traded fund’s stock worth $2,019,927,000 after purchasing an additional 36,740 shares during the period. Morgan Stanley boosted its stake in shares of Vanguard Information Technology ETF by 1.3% during the 3rd quarter. Morgan Stanley now owns 1,861,916 shares of the exchange traded fund’s stock valued at $772,509,000 after buying an additional 23,227 shares during the period. International Assets Investment Management LLC bought a new position in shares of Vanguard Information Technology ETF during the 4th quarter valued at $692,917,000. LPL Financial LLC raised its holdings in shares of Vanguard Information Technology ETF by 6.0% during the 3rd quarter. LPL Financial LLC now owns 1,036,018 shares of the exchange traded fund’s stock valued at $429,844,000 after purchasing an additional 58,893 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Vanguard Information Technology ETF by 14.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 682,089 shares of the exchange traded fund’s stock valued at $282,830,000 after purchasing an additional 85,685 shares in the last quarter.

Vanguard Information Technology ETF Stock Performance

Shares of Vanguard Information Technology ETF stock traded up $8.50 during midday trading on Friday, reaching $503.94. 364,431 shares of the company’s stock traded hands, compared to its average volume of 493,722. The company has a market cap of $63.46 billion, a price-to-earnings ratio of 37.45 and a beta of 1.37. The company’s 50 day simple moving average is $514.86 and its 200 day simple moving average is $483.23. Vanguard Information Technology ETF has a 52 week low of $374.52 and a 52 week high of $536.63.

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).