Biltmore Family Office LLC Cuts Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Biltmore Family Office LLC reduced its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 23.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 965 shares of the exchange traded fund’s stock after selling 300 shares during the period. Biltmore Family Office LLC’s holdings in Vanguard Information Technology ETF were worth $567,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of VGT. Stonebridge Capital Advisors LLC acquired a new stake in shares of Vanguard Information Technology ETF in the first quarter worth $212,000. Vanguard Group Inc. raised its position in Vanguard Information Technology ETF by 3.3% in the first quarter. Vanguard Group Inc. now owns 5,637 shares of the exchange traded fund’s stock valued at $2,956,000 after purchasing an additional 179 shares during the period. Covestor Ltd lifted its stake in shares of Vanguard Information Technology ETF by 187.5% during the first quarter. Covestor Ltd now owns 92 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 60 shares in the last quarter. Axxcess Wealth Management LLC boosted its position in shares of Vanguard Information Technology ETF by 35.6% in the first quarter. Axxcess Wealth Management LLC now owns 3,344 shares of the exchange traded fund’s stock worth $1,753,000 after buying an additional 878 shares during the period. Finally, Sheaff Brock Investment Advisors LLC boosted its position in shares of Vanguard Information Technology ETF by 40.3% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 627 shares of the exchange traded fund’s stock worth $329,000 after buying an additional 180 shares during the period.

Vanguard Information Technology ETF Stock Up 1.1 %

Shares of NYSEARCA:VGT opened at $619.28 on Friday. The company has a 50 day moving average of $595.77 and a two-hundred day moving average of $572.34. Vanguard Information Technology ETF has a 52-week low of $454.77 and a 52-week high of $626.45. The company has a market capitalization of $77.98 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41.

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).