Vanguard Information Technology ETF (NYSEARCA:VGT) Shares Sold by KCM Investment Advisors LLC

KCM Investment Advisors LLC cut its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 72,527 shares of the exchange traded fund’s stock after selling 6,984 shares during the quarter. Vanguard Information Technology ETF comprises 1.6% of KCM Investment Advisors LLC’s holdings, making the stock its 16th largest position. KCM Investment Advisors LLC owned 0.06% of Vanguard Information Technology ETF worth $45,097,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Zions Bancorporation N.A. increased its position in shares of 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 valued at $25,000 after acquiring an additional 24 shares during the period. Crowley Wealth Management Inc. purchased a new stake in Vanguard Information Technology ETF during the 4th quarter valued at about $27,000. Brooklyn Investment Group acquired a new position in shares of Vanguard Information Technology ETF in the fourth quarter valued at about $30,000. Kentucky Trust Co purchased a new position in shares of Vanguard Information Technology ETF in the fourth quarter worth about $31,000. Finally, Briaud Financial Planning Inc acquired a new stake in shares of Vanguard Information Technology ETF during the fourth quarter worth about $31,000.

Vanguard Information Technology ETF Trading Down 6.4 %

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 firm has a 50 day moving average of $589.52 and a two-hundred day moving average of $605.17. The firm has a market capitalization 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 announced a dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were issued a dividend of $0.7294 per share. The ex-dividend date was Tuesday, March 25th.

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).