Lam Group Inc. Lowers Stock Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

Lam Group Inc. lessened its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 1.2% during the third quarter, Holdings Channel reports. The firm owned 5,255 shares of the exchange traded fund’s stock after selling 65 shares during the period. Vanguard Information Technology ETF makes up about 2.2% of Lam Group Inc.’s holdings, making the stock its 15th biggest holding. Lam Group Inc.’s holdings in Vanguard Information Technology ETF were worth $3,082,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Richardson Capital Management LLC acquired a new position in Vanguard Information Technology ETF in the 1st quarter worth $29,000. Triad Wealth Partners LLC acquired a new position in shares of Vanguard Information Technology ETF during the second quarter worth approximately $32,000. Bell Investment Advisors Inc bought a new stake in shares of Vanguard Information Technology ETF during the 2nd quarter worth about $33,000. Halpern Financial Inc. acquired a new position in shares of Vanguard Information Technology ETF during the 3rd quarter valued at $33,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Vanguard Information Technology ETF in the 1st quarter valued at about $34,000.

Vanguard Information Technology ETF Stock Up 0.3 %

Vanguard Information Technology ETF stock traded up $2.07 during mid-day trading on Friday, hitting $603.56. The company’s stock had a trading volume of 304,832 shares, compared to its average volume of 463,651. The stock has a market capitalization of $76.00 billion, a P/E ratio of 36.30 and a beta of 1.41. The stock’s fifty day moving average price is $574.51 and its two-hundred day moving average price is $555.25. Vanguard Information Technology ETF has a twelve month low of $397.76 and a twelve month high of $610.06.

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).