Janney Montgomery Scott LLC Lowers Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Janney Montgomery Scott LLC decreased its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 0.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 242,984 shares of the exchange traded fund’s stock after selling 1,667 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Vanguard Information Technology ETF were worth $142,516,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in VGT. St. Johns Investment Management Company LLC acquired a new stake in Vanguard Information Technology ETF during the 3rd quarter valued at $30,000. Triad Wealth Partners LLC bought a new position in shares of Vanguard Information Technology ETF during the second quarter worth about $32,000. Bell Investment Advisors Inc acquired a new position in Vanguard Information Technology ETF in the second quarter worth about $33,000. Halpern Financial Inc. acquired a new position in Vanguard Information Technology ETF in the third quarter worth about $33,000. Finally, Family Firm Inc. bought a new stake in Vanguard Information Technology ETF in the second quarter valued at about $35,000.

Vanguard Information Technology ETF Stock Up 0.7 %

NYSEARCA:VGT opened at $586.47 on Friday. The company has a market cap of $73.85 billion, a PE ratio of 36.30 and a beta of 1.41. The business’s 50 day moving average is $580.74 and its two-hundred day moving average is $561.41. Vanguard Information Technology ETF has a 52 week low of $418.22 and a 52 week high of $612.05.

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).