Vanguard Information Technology ETF $VGT Shares Sold by Nova Wealth Management Inc.

Nova Wealth Management Inc. trimmed its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 9.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,813 shares of the exchange traded fund’s stock after selling 181 shares during the period. Vanguard Information Technology ETF comprises about 0.8% of Nova Wealth Management Inc.’s portfolio, making the stock its 29th largest holding. Nova Wealth Management Inc.’s holdings in Vanguard Information Technology ETF were worth $983,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cordant Inc. acquired a new position in shares of Vanguard Information Technology ETF during the 1st quarter worth approximately $28,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Vanguard Information Technology ETF during the 1st quarter worth approximately $28,000. Copia Wealth Management acquired a new position in shares of Vanguard Information Technology ETF during the 4th quarter worth approximately $30,000. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Vanguard Information Technology ETF during the 1st quarter worth approximately $32,000. Finally, MorganRosel Wealth Management LLC acquired a new position in shares of Vanguard Information Technology ETF during the 1st quarter worth approximately $33,000.

Vanguard Information Technology ETF Stock Performance

VGT stock opened at $718.77 on Friday. The firm has a market cap of $102.03 billion, a PE ratio of 34.55 and a beta of 1.16. The firm’s 50 day moving average price is $690.85 and its 200-day moving average price is $617.71. Vanguard Information Technology ETF has a one year low of $451.00 and a one year high of $720.88.

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).