Valley Wealth Managers Inc. Trims Stock Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Valley Wealth Managers Inc. decreased its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 4.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,498 shares of the exchange traded fund’s stock after selling 118 shares during the period. Valley Wealth Managers Inc.’s holdings in Vanguard Information Technology ETF were worth $1,440,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Heritage Wealth Partners LLC raised its position in shares of Vanguard Information Technology ETF by 4.3% in the 2nd quarter. Heritage Wealth Partners LLC now owns 465 shares of the exchange traded fund’s stock worth $268,000 after buying an additional 19 shares during the period. Embree Financial Group raised its position in Vanguard Information Technology ETF by 0.9% in the second quarter. Embree Financial Group now owns 2,309 shares of the exchange traded fund’s stock valued at $1,331,000 after purchasing an additional 20 shares during the period. GAMMA Investing LLC raised its position in Vanguard Information Technology ETF by 15.0% in the second quarter. GAMMA Investing LLC now owns 161 shares of the exchange traded fund’s stock valued at $93,000 after purchasing an additional 21 shares during the period. Cooper Financial Group raised its position in Vanguard Information Technology ETF by 3.8% in the second quarter. Cooper Financial Group now owns 568 shares of the exchange traded fund’s stock valued at $327,000 after purchasing an additional 21 shares during the period. Finally, Slagle Financial LLC raised its position in Vanguard Information Technology ETF by 5.1% in the second quarter. Slagle Financial LLC now owns 429 shares of the exchange traded fund’s stock valued at $247,000 after purchasing an additional 21 shares during the period.

Vanguard Information Technology ETF Price Performance

NYSEARCA:VGT opened at $569.24 on Friday. The business’s 50-day moving average is $564.92 and its two-hundred day moving average is $544.33. Vanguard Information Technology ETF has a 12 month low of $397.76 and a 12 month high of $609.15. The firm has a market capitalization of $71.68 billion, a PE 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).