Pinnacle Wealth Management Advisory Group LLC Decreases Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

Pinnacle Wealth Management Advisory Group LLC cut its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 927 shares of the exchange traded fund’s stock after selling 50 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in Vanguard Information Technology ETF were worth $449,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Bfsg LLC bought a new position in Vanguard Information Technology ETF in the 4th quarter worth $27,000. Signature Resources Capital Management LLC purchased a new position in shares of Vanguard Information Technology ETF during the 4th quarter worth approximately $28,000. OLD Second National Bank of Aurora purchased a new position in shares of Vanguard Information Technology ETF in the 4th quarter valued at approximately $29,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of Vanguard Information Technology ETF in the 4th quarter worth about $36,000. Finally, Horizons Wealth Management purchased a new position in shares of Vanguard Information Technology ETF during the fourth quarter valued at approximately $37,000.

Vanguard Information Technology ETF Price Performance

VGT stock traded down $0.96 during trading on Thursday, hitting $514.46. 253,061 shares of the stock traded hands, compared to its average volume of 475,855. The stock has a market cap of $64.78 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41. The firm’s 50 day moving average is $514.05 and its two-hundred day moving average is $488.03. Vanguard Information Technology ETF has a 1 year low of $382.70 and a 1 year high of $536.63.

About Vanguard Information Technology ETF

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).