Monterey Private Wealth Inc. Cuts Stock Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

Monterey Private Wealth Inc. lowered its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 6.0% during the 4th quarter, Holdings Channel reports. The firm owned 393 shares of the exchange traded fund’s stock after selling 25 shares during the quarter. Monterey Private Wealth Inc.’s holdings in Vanguard Information Technology ETF were worth $244,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in VGT. St. Johns Investment Management Company LLC purchased a new stake in shares of Vanguard Information Technology ETF in the third quarter worth about $30,000. Peterson Financial Group Inc. purchased a new stake in shares of Vanguard Information Technology ETF during the 3rd quarter worth approximately $30,000. Brooklyn Investment Group bought a new position in shares of Vanguard Information Technology ETF during the 4th quarter valued at approximately $30,000. Coastline Trust Co purchased a new position in shares of Vanguard Information Technology ETF in the third quarter valued at $32,000. Finally, Halpern Financial Inc. bought a new stake in Vanguard Information Technology ETF in the third quarter worth $33,000.

Vanguard Information Technology ETF Stock Up 1.5 %

VGT stock opened at $627.47 on Tuesday. Vanguard Information Technology ETF has a 52 week low of $478.25 and a 52 week high of $648.66. The firm has a market capitalization of $79.01 billion, a P/E ratio of 36.30 and a beta of 1.41. The company has a fifty day simple moving average of $627.27 and a two-hundred day simple moving average of $595.15.

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).