Perennial Investment Advisors LLC Sells 1,804 Shares of Vanguard Information Technology ETF (NYSEARCA:VGT)

Perennial Investment Advisors LLC lowered its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 11.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,754 shares of the exchange traded fund’s stock after selling 1,804 shares during the quarter. Vanguard Information Technology ETF comprises approximately 1.0% of Perennial Investment Advisors LLC’s investment portfolio, making the stock its 26th largest holding. Perennial Investment Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $8,552,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Zions Bancorporation N.A. raised its holdings in Vanguard Information Technology ETF by 150.0% in the 4th quarter. Zions Bancorporation N.A. now owns 40 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 24 shares during the period. Crowley Wealth Management Inc. purchased a new stake in shares of Vanguard Information Technology ETF during the 4th quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new position in Vanguard Information Technology ETF in the fourth quarter valued at about $30,000. Kentucky Trust Co acquired a new position in Vanguard Information Technology ETF during the fourth quarter worth $31,000. Finally, Briaud Financial Planning Inc purchased a new position in shares of Vanguard Information Technology ETF in the fourth quarter valued at approximately $31,000.

Vanguard Information Technology ETF Trading Down 6.4 %

NYSEARCA:VGT opened at $478.60 on Friday. Vanguard Information Technology ETF has a 12-month low of $476.31 and a 12-month high of $648.76. The stock has a fifty day moving average price of $589.52 and a 200 day moving average price of $605.17. The firm has a market cap of $66.65 billion, a PE ratio of 32.38 and a beta of 1.23.

Vanguard Information Technology ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were issued a dividend of $0.7294 per share. The ex-dividend date of this dividend was Tuesday, March 25th.

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).