Cadent Capital Advisors LLC lowered its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT – Free Report) by 52.8% in the third quarter, Holdings Channel reports. The firm owned 8,247 shares of the exchange traded fund’s stock after selling 9,220 shares during the period. Cadent Capital Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $1,036,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. O Keefe Stevens Advisory Inc. acquired a new stake in Vanguard Information Technology ETF in the 3rd quarter valued at approximately $380,000. Inspirion Wealth Advisors LLC grew its stake in shares of Vanguard Information Technology ETF by 6.7% in the third quarter. Inspirion Wealth Advisors LLC now owns 13,207 shares of the exchange traded fund’s stock valued at $1,660,000 after buying an additional 834 shares in the last quarter. LifeGoal Investments LLC purchased a new stake in shares of Vanguard Information Technology ETF in the 3rd quarter valued at $312,000. Go Invest LLC acquired a new position in Vanguard Information Technology ETF during the 3rd quarter worth about $9,092,000. Finally, Midwest Financial Partners Investments Inc. acquired a new position in Vanguard Information Technology ETF during the 3rd quarter worth about $209,000.
Vanguard Information Technology ETF Stock Up 0.3%
NYSEARCA VGT traded up $0.41 during trading on Friday, hitting $127.66. The stock had a trading volume of 1,692,128 shares, compared to its average volume of 4,444,524. The company has a market capitalization of $156.37 billion, a PE ratio of 34.55 and a beta of 1.34. The firm has a 50 day moving average price of $121.79 and a 200 day moving average price of $113.57. Vanguard Information Technology ETF has a twelve month low of $83.09 and a twelve month high of $130.66.
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). 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.
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