Vanguard Information Technology ETF (NYSEARCA:VGT) Stake Reduced by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. trimmed its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 0.8% in the fourth quarter, Holdings Channel reports. The firm owned 181,920 shares of the exchange traded fund’s stock after selling 1,425 shares during the period. Vanguard Information Technology ETF comprises 11.9% of Folger Nolan Fleming Douglas Capital Management Inc.’s investment portfolio, making the stock its largest holding. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Vanguard Information Technology ETF were worth $113,118,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of VGT. Retirement Wealth Solutions LLC acquired a new stake in shares of Vanguard Information Technology ETF in the fourth quarter valued at $140,000. Brooklyn Investment Group purchased a new position in shares of Vanguard Information Technology ETF in the fourth quarter valued at approximately $30,000. Merit Financial Group LLC increased its stake in Vanguard Information Technology ETF by 6.3% during the 4th quarter. Merit Financial Group LLC now owns 7,445 shares of the exchange traded fund’s stock worth $4,629,000 after buying an additional 442 shares during the period. Wealthcare Advisory Partners LLC lifted its holdings in Vanguard Information Technology ETF by 3.7% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 7,871 shares of the exchange traded fund’s stock worth $4,894,000 after buying an additional 278 shares in the last quarter. Finally, Goldstone Financial Group LLC boosted its position in Vanguard Information Technology ETF by 32.2% in the 4th quarter. Goldstone Financial Group LLC now owns 2,431 shares of the exchange traded fund’s stock valued at $1,512,000 after buying an additional 592 shares during the period.

Vanguard Information Technology ETF Stock Up 1.5 %

NYSEARCA:VGT opened at $627.47 on Friday. Vanguard Information Technology ETF has a 52 week low of $478.25 and a 52 week high of $648.66. The company has a fifty day simple moving average of $627.09 and a two-hundred day simple moving average of $594.52. The company has a market cap of $79.01 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41.

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).