Belpointe Asset Management LLC Decreases Stock Position in Vanguard Information Technology ETF $VGT

Belpointe Asset Management LLC trimmed its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 30.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,336 shares of the exchange traded fund’s stock after selling 5,056 shares during the quarter. Belpointe Asset Management LLC’s holdings in Vanguard Information Technology ETF were worth $7,519,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC grew its position in shares of Vanguard Information Technology ETF by 17.5% in the 1st quarter. Golden State Wealth Management LLC now owns 141 shares of the exchange traded fund’s stock valued at $77,000 after buying an additional 21 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Vanguard Information Technology ETF during the first quarter worth about $804,000. American National Bank & Trust lifted its holdings in shares of Vanguard Information Technology ETF by 173.3% in the 2nd quarter. American National Bank & Trust now owns 164 shares of the exchange traded fund’s stock valued at $109,000 after purchasing an additional 104 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. boosted its position in shares of Vanguard Information Technology ETF by 2.0% in the 1st quarter. Strategic Family Wealth Counselors L.L.C. now owns 3,496 shares of the exchange traded fund’s stock valued at $1,896,000 after purchasing an additional 67 shares during the period. Finally, CX Institutional grew its stake in Vanguard Information Technology ETF by 422.9% during the 2nd quarter. CX Institutional now owns 1,187 shares of the exchange traded fund’s stock worth $787,000 after buying an additional 960 shares during the last quarter.

Vanguard Information Technology ETF Stock Down 0.3%

VGT opened at $755.67 on Monday. Vanguard Information Technology ETF has a 52 week low of $451.00 and a 52 week high of $762.83. The business’s 50 day moving average is $710.39 and its two-hundred day moving average is $637.02. The firm has a market cap of $109.02 billion, a price-to-earnings ratio of 34.55 and a beta of 1.16.

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).