Axiom Financial Strategies LLC Trims Position in Vanguard Information Technology ETF $VGT

Axiom Financial Strategies LLC trimmed its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 45.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,974 shares of the exchange traded fund’s stock after selling 11,862 shares during the period. Vanguard Information Technology ETF accounts for about 4.5% of Axiom Financial Strategies LLC’s investment portfolio, making the stock its 9th biggest holding. Axiom Financial Strategies LLC’s holdings in Vanguard Information Technology ETF were worth $10,433,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VGT. China Universal Asset Management Co. Ltd. raised its stake in Vanguard Information Technology ETF by 110.5% during the second quarter. China Universal Asset Management Co. Ltd. now owns 40 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 21 shares in the last quarter. First Command Advisory Services Inc. acquired a new position in shares of Vanguard Information Technology ETF in the 3rd quarter worth approximately $31,000. Semmax Financial Advisors Inc. acquired a new position in shares of Vanguard Information Technology ETF in the 2nd quarter worth approximately $31,000. Kilter Group LLC bought a new stake in shares of Vanguard Information Technology ETF in the 2nd quarter valued at approximately $37,000. Finally, Ramirez Asset Management Inc. bought a new stake in shares of Vanguard Information Technology ETF in the 3rd quarter valued at approximately $39,000.

Vanguard Information Technology ETF Trading Down 0.9%

VGT stock opened at $714.44 on Friday. The stock’s 50 day simple moving average is $743.59 and its 200 day simple moving average is $747.18. Vanguard Information Technology ETF has a 12-month low of $451.00 and a 12-month high of $806.99. The firm has a market cap of $106.91 billion, a P/E 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.