Retirement Guys Formula LLC Lowers Stock Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

Retirement Guys Formula LLC lowered its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 29.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,829 shares of the exchange traded fund’s stock after selling 1,180 shares during the period. Retirement Guys Formula LLC’s holdings in Vanguard Information Technology ETF were worth $1,534,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new position in Vanguard Information Technology ETF in the fourth quarter worth about $560,000. Orion Capital Management LLC bought a new stake in shares of Vanguard Information Technology ETF during the fourth quarter valued at approximately $62,000. First Trust Advisors LP purchased a new position in Vanguard Information Technology ETF in the 4th quarter worth approximately $448,000. Sowell Financial Services LLC bought a new position in Vanguard Information Technology ETF in the 1st quarter valued at approximately $804,000. Finally, JPMorgan Chase & Co. lifted its position in Vanguard Information Technology ETF by 4.9% in the 4th quarter. JPMorgan Chase & Co. now owns 5,765,957 shares of the exchange traded fund’s stock valued at $3,585,273,000 after acquiring an additional 271,622 shares in the last quarter.

Vanguard Information Technology ETF Trading Up 1.1%

Vanguard Information Technology ETF stock opened at $635.15 on Tuesday. Vanguard Information Technology ETF has a 12 month low of $451.00 and a 12 month high of $648.76. The stock has a fifty day simple moving average of $587.83 and a two-hundred day simple moving average of $594.49. The firm has a market cap of $89.57 billion, a price-to-earnings ratio of 35.89 and a beta of 1.24.

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).