Sheridan Capital Management LLC Lowers Position in Vanguard Information Technology ETF $VGT

Sheridan Capital Management LLC decreased its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 1.1% during the second quarter, HoldingsChannel reports. The fund owned 10,209 shares of the exchange traded fund’s stock after selling 112 shares during the quarter. Vanguard Information Technology ETF comprises about 4.7% of Sheridan Capital Management LLC’s investment portfolio, making the stock its 7th biggest holding. Sheridan Capital Management LLC’s holdings in Vanguard Information Technology ETF were worth $6,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sawyer & Company Inc bought a new stake in Vanguard Information Technology ETF during the 2nd quarter valued at $38,000. Rice Partnership LLC bought a new position in shares of Vanguard Information Technology ETF in the second quarter worth $40,000. Blume Capital Management Inc. increased its holdings in shares of Vanguard Information Technology ETF by 62.5% in the second quarter. Blume Capital Management Inc. now owns 65 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 25 shares during the period. BankPlus Trust Department increased its holdings in shares of Vanguard Information Technology ETF by 169.2% in the first quarter. BankPlus Trust Department now owns 70 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 44 shares during the period. Finally, Abound Financial LLC bought a new position in shares of Vanguard Information Technology ETF in the first quarter worth $44,000.

Vanguard Information Technology ETF Stock Performance

Vanguard Information Technology ETF stock opened at $795.95 on Tuesday. The stock has a market cap of $117.76 billion, a P/E ratio of 34.55 and a beta of 1.25. Vanguard Information Technology ETF has a fifty-two week low of $451.00 and a fifty-two week high of $806.99. The firm’s fifty day moving average price is $741.66 and its 200-day moving average price is $673.42.

About Vanguard Information Technology ETF

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).