Long Island Wealth Management Inc. Sells 629 Shares of Vanguard Information Technology ETF (NYSEARCA:VGT)

Long Island Wealth Management Inc. lowered its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 19.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,597 shares of the exchange traded fund’s stock after selling 629 shares during the period. Vanguard Information Technology ETF accounts for 1.0% of Long Island Wealth Management Inc.’s holdings, making the stock its 24th largest holding. Long Island Wealth Management Inc.’s holdings in Vanguard Information Technology ETF were worth $1,614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of VGT. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Vanguard Information Technology ETF in the fourth quarter valued at approximately $6,126,000. Gerber Kawasaki Wealth & Investment Management increased its position in Vanguard Information Technology ETF by 11.0% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,047 shares of the exchange traded fund’s stock valued at $651,000 after acquiring an additional 104 shares during the period. Prosperity Consulting Group LLC raised its stake in shares of Vanguard Information Technology ETF by 31.7% during the fourth quarter. Prosperity Consulting Group LLC now owns 744 shares of the exchange traded fund’s stock valued at $463,000 after acquiring an additional 179 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Vanguard Information Technology ETF during the fourth quarter worth $472,000. Finally, Kovitz Investment Group Partners LLC grew its stake in shares of Vanguard Information Technology ETF by 6.6% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 34,562 shares of the exchange traded fund’s stock worth $21,491,000 after purchasing an additional 2,138 shares during the last quarter.

Vanguard Information Technology ETF Stock Up 1.5 %

Shares of NYSEARCA:VGT opened at $546.55 on Monday. The business has a fifty day simple moving average of $550.63 and a 200 day simple moving average of $596.92. Vanguard Information Technology ETF has a 12-month low of $451.00 and a 12-month high of $648.76. The firm has a market cap of $76.66 billion, a P/E ratio of 30.08 and a beta of 1.23.

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).