Balanced Wealth Group LLC Cuts Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

Balanced Wealth Group LLC lessened its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 11.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 557 shares of the exchange traded fund’s stock after selling 75 shares during the quarter. Balanced Wealth Group LLC’s holdings in Vanguard Information Technology ETF were worth $324,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of VGT. Wulff Hansen & CO. grew its holdings in Vanguard Information Technology ETF by 56,640.2% in the 2nd quarter. Wulff Hansen & CO. now owns 5,340,953 shares of the exchange traded fund’s stock valued at $3,079,540,000 after buying an additional 5,331,540 shares in the last quarter. Strategic Financial Concepts LLC increased its holdings in Vanguard Information Technology ETF by 54,658.6% in the 2nd quarter. Strategic Financial Concepts LLC now owns 1,506,958 shares of the exchange traded fund’s stock valued at $868,897,000 after purchasing an additional 1,504,206 shares during the last quarter. Liberty Wealth Management LLC raised its holdings in shares of Vanguard Information Technology ETF by 6,873.3% in the 2nd quarter. Liberty Wealth Management LLC now owns 312,055 shares of the exchange traded fund’s stock valued at $179,928,000 after buying an additional 307,580 shares during the period. Beacon Capital Management Inc. increased its stake in Vanguard Information Technology ETF by 189.0% during the first quarter. Beacon Capital Management Inc. now owns 317,241 shares of the exchange traded fund’s stock worth $166,685,000 after purchasing an additional 207,468 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in Vanguard Information Technology ETF by 665.9% during the 1st quarter. Cetera Investment Advisers now owns 236,855 shares of the exchange traded fund’s stock worth $124,193,000 after buying an additional 205,928 shares in the last quarter.

Vanguard Information Technology ETF Stock Performance

Shares of VGT opened at $577.62 on Friday. The stock has a market capitalization of $72.73 billion, a PE ratio of 36.30 and a beta of 1.41. The stock has a 50-day simple moving average of $561.94 and a 200-day simple moving average of $546.07. Vanguard Information Technology ETF has a 1 year low of $397.76 and a 1 year high of $609.15.

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).