Sfmg LLC Sells 50 Shares of Vanguard Information Technology ETF (NYSEARCA:VGT)

Sfmg LLC lessened its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 6.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 680 shares of the exchange traded fund’s stock after selling 50 shares during the period. Sfmg LLC’s holdings in Vanguard Information Technology ETF were worth $329,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cooper Financial Group bought a new stake in shares of Vanguard Information Technology ETF during the fourth quarter valued at approximately $234,000. Patriot Financial Group Insurance Agency LLC increased its holdings in Vanguard Information Technology ETF by 19.3% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 944 shares of the exchange traded fund’s stock valued at $457,000 after buying an additional 153 shares during the period. Ritholtz Wealth Management increased its holdings in Vanguard Information Technology ETF by 2.7% during the fourth quarter. Ritholtz Wealth Management now owns 1,710 shares of the exchange traded fund’s stock valued at $828,000 after buying an additional 45 shares during the period. Sequoia Financial Advisors LLC increased its holdings in Vanguard Information Technology ETF by 23.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,044 shares of the exchange traded fund’s stock valued at $1,473,000 after buying an additional 584 shares during the period. Finally, Altfest L J & Co. Inc. purchased a new position in Vanguard Information Technology ETF during the fourth quarter valued at approximately $243,000.

Vanguard Information Technology ETF Stock Down 1.5 %

Shares of VGT stock opened at $497.69 on Thursday. The firm has a market cap of $62.67 billion, a price-to-earnings ratio of 37.45 and a beta of 1.37. The company’s 50 day moving average is $517.90 and its 200 day moving average is $480.06. Vanguard Information Technology ETF has a 52-week low of $368.39 and a 52-week high of $536.63.

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).