Financial Advocates Investment Management Sells 629 Shares of Vanguard Information Technology ETF (NYSEARCA:VGT)

Financial Advocates Investment Management cut its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 16.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,231 shares of the exchange traded fund’s stock after selling 629 shares during the quarter. Financial Advocates Investment Management’s holdings in Vanguard Information Technology ETF were worth $2,009,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of VGT. AQR Capital Management LLC boosted its position in Vanguard Information Technology ETF by 44.2% during the 2nd quarter. AQR Capital Management LLC now owns 914 shares of the exchange traded fund’s stock valued at $527,000 after acquiring an additional 280 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Vanguard Information Technology ETF in the 3rd quarter valued at approximately $110,000. GAMMA Investing LLC boosted its position in shares of Vanguard Information Technology ETF by 147.8% during the third quarter. GAMMA Investing LLC now owns 399 shares of the exchange traded fund’s stock valued at $234,000 after purchasing an additional 238 shares in the last quarter. Diversified Trust Co boosted its position in shares of Vanguard Information Technology ETF by 92.7% during the third quarter. Diversified Trust Co now owns 790 shares of the exchange traded fund’s stock valued at $463,000 after purchasing an additional 380 shares in the last quarter. Finally, Brookstone Capital Management grew its stake in Vanguard Information Technology ETF by 29.3% in the third quarter. Brookstone Capital Management now owns 11,012 shares of the exchange traded fund’s stock worth $6,459,000 after purchasing an additional 2,496 shares during the period.

Vanguard Information Technology ETF Trading Up 0.4 %

VGT opened at $627.03 on Friday. Vanguard Information Technology ETF has a 12-month low of $478.25 and a 12-month high of $648.76. The company has a market cap of $78.96 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41. The stock has a fifty day simple moving average of $629.39 and a two-hundred day simple moving average of $597.71.

Vanguard Information Technology ETF Company 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).