Mengis Capital Management Inc. Has $582,000 Stock Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

Mengis Capital Management Inc. cut its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 7.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 993 shares of the exchange traded fund’s stock after selling 81 shares during the quarter. Mengis Capital Management Inc.’s holdings in Vanguard Information Technology ETF were worth $582,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VGT. St. Johns Investment Management Company LLC acquired a new stake in shares of Vanguard Information Technology ETF in the third quarter valued at about $30,000. Triad Wealth Partners LLC bought a new position in Vanguard Information Technology ETF during the second quarter worth $32,000. Bell Investment Advisors Inc acquired a new stake in shares of Vanguard Information Technology ETF in the 2nd quarter valued at about $33,000. Halpern Financial Inc. acquired a new stake in Vanguard Information Technology ETF in the third quarter valued at approximately $33,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in Vanguard Information Technology ETF by 107.1% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 58 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 30 shares in the last quarter.

Vanguard Information Technology ETF Stock Performance

VGT stock opened at $622.88 on Wednesday. The company has a market capitalization of $78.43 billion, a P/E ratio of 36.30 and a beta of 1.41. Vanguard Information Technology ETF has a 52-week low of $441.29 and a 52-week high of $626.45. The business has a 50-day simple moving average of $586.78 and a two-hundred day simple moving average of $567.77.

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).