Checchi Capital Advisers LLC Lowers Stock Holdings in Vanguard Information Technology ETF $VGT

Checchi Capital Advisers LLC lowered its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 5.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,051 shares of the exchange traded fund’s stock after selling 212 shares during the period. Checchi Capital Advisers LLC’s holdings in Vanguard Information Technology ETF were worth $2,687,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VGT. Cordant Inc. purchased a new stake in Vanguard Information Technology ETF in the first quarter valued at approximately $28,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Vanguard Information Technology ETF during the 1st quarter valued at $28,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Vanguard Information Technology ETF during the 1st quarter valued at $32,000. MorganRosel Wealth Management LLC purchased a new stake in shares of Vanguard Information Technology ETF during the 1st quarter valued at $33,000. Finally, BankPlus Trust Department grew its stake in shares of Vanguard Information Technology ETF by 169.2% during the 1st quarter. BankPlus Trust Department now owns 70 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 44 shares during the period.

Vanguard Information Technology ETF Trading Down 0.3%

VGT stock opened at $755.67 on Friday. The stock has a 50-day moving average price of $710.39 and a two-hundred day moving average price of $636.51. Vanguard Information Technology ETF has a 12-month low of $451.00 and a 12-month high of $762.83. The company has a market cap of $109.02 billion, a PE ratio of 34.55 and a beta of 1.16.

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).