RFG Advisory LLC Lowers Position in Vanguard Information Technology ETF $VGT

RFG Advisory LLC cut its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 25.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,753 shares of the exchange traded fund’s stock after selling 916 shares during the period. RFG Advisory LLC’s holdings in Vanguard Information Technology ETF were worth $2,055,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in Vanguard Information Technology ETF by 1.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,192,082 shares of the exchange traded fund’s stock worth $4,107,085,000 after acquiring an additional 66,303 shares during the last quarter. Laurel Wealth Advisors LLC raised its position in Vanguard Information Technology ETF by 210,235.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,487,074 shares of the exchange traded fund’s stock valued at $986,346,000 after purchasing an additional 1,486,367 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in Vanguard Information Technology ETF by 6.5% in the 2nd quarter. Raymond James Financial Inc. now owns 839,978 shares of the exchange traded fund’s stock worth $557,140,000 after buying an additional 51,543 shares during the period. PGIM Custom Harvest LLC grew its position in shares of Vanguard Information Technology ETF by 48.7% in the 2nd quarter. PGIM Custom Harvest LLC now owns 781,415 shares of the exchange traded fund’s stock worth $518,297,000 after buying an additional 255,787 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Vanguard Information Technology ETF by 2.8% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 739,730 shares of the exchange traded fund’s stock valued at $552,305,000 after acquiring an additional 20,182 shares in the last quarter.

Vanguard Information Technology ETF Trading Down 0.4%

Shares of NYSEARCA VGT opened at $748.25 on Wednesday. Vanguard Information Technology ETF has a 12 month low of $451.00 and a 12 month high of $806.99. The firm has a fifty day simple moving average of $756.50 and a two-hundred day simple moving average of $741.29. The firm has a market capitalization of $111.97 billion, a PE ratio of 34.55 and a beta of 1.25.

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). This GICS sector is made up of companies in three areas: technology software and services, including companies that develop software in various fields (such as the Internet, applications, systems, databases, and/or home entertainment), and companies that provide information technology consulting and services, data processing, and outsourced services; technology hardware and equipment, including manufacturers and distributors of communications equipment, computers and peripherals and electronic equipment, and semiconductors and semiconductor equipment manufacturers.