TRUE Private Wealth Advisors Trims Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

TRUE Private Wealth Advisors cut its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 39.6% during the 3rd quarter, Holdings Channel reports. The fund owned 13,909 shares of the exchange traded fund’s stock after selling 9,107 shares during the period. Vanguard Information Technology ETF comprises 1.0% of TRUE Private Wealth Advisors’ portfolio, making the stock its 17th biggest holding. TRUE Private Wealth Advisors’ holdings in Vanguard Information Technology ETF were worth $8,158,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of VGT. St. Johns Investment Management Company LLC bought a new position in Vanguard Information Technology ETF in the 3rd quarter worth $30,000. Peterson Financial Group Inc. bought a new position in shares of Vanguard Information Technology ETF in the third quarter worth about $30,000. Triad Wealth Partners LLC purchased a new position in shares of Vanguard Information Technology ETF during the 2nd quarter valued at about $32,000. Coastline Trust Co bought a new position in shares of Vanguard Information Technology ETF during the 3rd quarter valued at approximately $32,000. Finally, Bell Investment Advisors Inc bought a new position in shares of Vanguard Information Technology ETF during the 2nd quarter valued at approximately $33,000.

Vanguard Information Technology ETF Trading Up 0.9 %

NYSEARCA VGT opened at $622.25 on Friday. Vanguard Information Technology ETF has a 12 month low of $454.77 and a 12 month high of $627.57. The stock has a market cap of $78.35 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41. The company’s 50 day moving average is $601.79 and its two-hundred day moving average is $576.68.

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).