Sovereign Financial Group Inc. Decreases Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

Sovereign Financial Group Inc. lessened its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 2.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,998 shares of the exchange traded fund’s stock after selling 58 shares during the period. Sovereign Financial Group Inc.’s holdings in Vanguard Information Technology ETF were worth $1,172,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. TKG Advisors LLC purchased a new stake in shares of Vanguard Information Technology ETF during the fourth quarter valued at $210,000. Traynor Capital Management Inc. grew its stake in Vanguard Information Technology ETF by 17.7% during the 1st quarter. Traynor Capital Management Inc. now owns 1,268 shares of the exchange traded fund’s stock valued at $665,000 after purchasing an additional 191 shares during the last quarter. Connectus Wealth LLC acquired a new position in shares of Vanguard Information Technology ETF in the fourth quarter valued at about $224,000. Moloney Securities Asset Management LLC raised its stake in shares of Vanguard Information Technology ETF by 20.1% in the first quarter. Moloney Securities Asset Management LLC now owns 895 shares of the exchange traded fund’s stock worth $469,000 after purchasing an additional 150 shares during the last quarter. Finally, Regal Investment Advisors LLC lifted its holdings in shares of Vanguard Information Technology ETF by 20.9% during the fourth quarter. Regal Investment Advisors LLC now owns 1,192 shares of the exchange traded fund’s stock worth $577,000 after purchasing an additional 206 shares during the period.

Vanguard Information Technology ETF Stock Up 1.8 %

Shares of NYSEARCA VGT opened at $591.43 on Wednesday. Vanguard Information Technology ETF has a 52 week low of $397.76 and a 52 week high of $609.15. The business’s 50 day moving average price is $562.90 and its 200 day moving average price is $550.95. The firm has a market cap of $74.47 billion, a P/E ratio of 36.30 and a beta of 1.41.

Vanguard Information Technology ETF Company 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).