Oliver Luxxe Assets LLC Sells 148 Shares of Vanguard Information Technology ETF (NYSEARCA:VGT)

Oliver Luxxe Assets LLC cut its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,446 shares of the exchange traded fund’s stock after selling 148 shares during the period. Vanguard Information Technology ETF makes up about 1.2% of Oliver Luxxe Assets LLC’s portfolio, making the stock its 17th biggest holding. Oliver Luxxe Assets LLC’s holdings in Vanguard Information Technology ETF were worth $7,117,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in VGT. JPMorgan Chase & Co. raised its position in Vanguard Information Technology ETF by 10.0% during the third quarter. JPMorgan Chase & Co. now owns 5,494,335 shares of the exchange traded fund’s stock valued at $3,222,539,000 after purchasing an additional 501,703 shares during the period. Wulff Hansen & CO. boosted its stake in Vanguard Information Technology ETF by 56,640.2% during the second quarter. Wulff Hansen & CO. now owns 5,340,953 shares of the exchange traded fund’s stock worth $3,079,540,000 after buying an additional 5,331,540 shares during the period. Strategic Financial Concepts LLC increased its position in Vanguard Information Technology ETF by 54,658.6% during the second quarter. Strategic Financial Concepts LLC now owns 1,506,958 shares of the exchange traded fund’s stock valued at $868,897,000 after acquiring an additional 1,504,206 shares during the last quarter. LPL Financial LLC raised its stake in shares of Vanguard Information Technology ETF by 2.3% in the third quarter. LPL Financial LLC now owns 1,188,742 shares of the exchange traded fund’s stock valued at $697,221,000 after acquiring an additional 26,845 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Vanguard Information Technology ETF by 3.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 506,703 shares of the exchange traded fund’s stock worth $292,185,000 after acquiring an additional 17,933 shares during the last quarter.

Vanguard Information Technology ETF Stock Performance

NYSEARCA VGT traded up $8.08 during trading on Monday, hitting $640.98. The stock had a trading volume of 567,063 shares, compared to its average volume of 655,509. The stock has a market capitalization of $80.71 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41. The stock has a 50 day simple moving average of $623.24 and a 200 day simple moving average of $591.87. Vanguard Information Technology ETF has a one year low of $464.21 and a one year high of $648.66.

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).