Kovack Advisors Inc. Sells 79 Shares of Vanguard Information Technology ETF (NYSEARCA:VGT)

Kovack Advisors Inc. trimmed its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,870 shares of the exchange traded fund’s stock after selling 79 shares during the period. Kovack Advisors Inc.’s holdings in Vanguard Information Technology ETF were worth $1,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. McClarren Financial Advisors Inc. boosted its holdings in shares of Vanguard Information Technology ETF by 4.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 1,065 shares of the exchange traded fund’s stock valued at $515,000 after buying an additional 48 shares in the last quarter. Simplex Trading LLC boosted its holdings in shares of Vanguard Information Technology ETF by 31.1% in the 4th quarter. Simplex Trading LLC now owns 6,997 shares of the exchange traded fund’s stock valued at $3,386,000 after buying an additional 1,661 shares in the last quarter. Abbrea Capital LLC bought a new stake in shares of Vanguard Information Technology ETF in the 4th quarter valued at about $220,000. Bfsg LLC bought a new stake in shares of Vanguard Information Technology ETF in the 4th quarter valued at about $27,000. Finally, Fountainhead AM LLC boosted its holdings in shares of Vanguard Information Technology ETF by 20.1% in the 4th quarter. Fountainhead AM LLC now owns 1,813 shares of the exchange traded fund’s stock valued at $878,000 after buying an additional 303 shares in the last quarter.

Vanguard Information Technology ETF Stock Up 1.7 %

Shares of Vanguard Information Technology ETF stock traded up $8.50 during midday trading on Friday, hitting $503.94. The company had a trading volume of 364,431 shares, compared to its average volume of 493,722. The stock has a market cap of $63.46 billion, a price-to-earnings ratio of 37.45 and a beta of 1.37. The company has a fifty day simple moving average of $514.86 and a 200 day simple moving average of $483.23. Vanguard Information Technology ETF has a 12-month low of $374.52 and a 12-month high of $536.63.

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).