SVB Wealth LLC Decreases Stock Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

SVB Wealth LLC decreased its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 12.8% in the first quarter, HoldingsChannel reports. The firm owned 3,110 shares of the exchange traded fund’s stock after selling 455 shares during the quarter. SVB Wealth LLC’s holdings in Vanguard Information Technology ETF were worth $1,631,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in shares of Vanguard Information Technology ETF during the 4th quarter valued at $692,917,000. Beacon Capital Management Inc. grew its stake in shares of Vanguard Information Technology ETF by 189.0% in the 1st quarter. Beacon Capital Management Inc. now owns 317,241 shares of the exchange traded fund’s stock worth $166,685,000 after buying an additional 207,468 shares during the last quarter. Annex Advisory Services LLC increased its position in Vanguard Information Technology ETF by 73.1% during the 4th quarter. Annex Advisory Services LLC now owns 188,711 shares of the exchange traded fund’s stock valued at $91,337,000 after buying an additional 79,719 shares in the last quarter. Gratus Capital LLC boosted its holdings in Vanguard Information Technology ETF by 587.1% in the fourth quarter. Gratus Capital LLC now owns 90,337 shares of the exchange traded fund’s stock worth $43,723,000 after acquiring an additional 77,189 shares in the last quarter. Finally, Hollencrest Capital Management increased its holdings in shares of Vanguard Information Technology ETF by 953.0% during the first quarter. Hollencrest Capital Management now owns 59,798 shares of the exchange traded fund’s stock valued at $31,355,000 after acquiring an additional 54,119 shares in the last quarter.

Vanguard Information Technology ETF Stock Down 0.4 %

Shares of NYSEARCA VGT traded down $2.32 during midday trading on Tuesday, hitting $557.17. The stock had a trading volume of 66,617 shares, compared to its average volume of 467,048. The business’s 50 day moving average is $570.75 and its 200-day moving average is $532.51. Vanguard Information Technology ETF has a 52 week low of $397.76 and a 52 week high of $609.15. The company has a market cap of $70.16 billion, a P/E ratio of 36.30 and a beta of 1.41.

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).