Graypoint LLC Reduces Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

Graypoint LLC trimmed its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 6.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 704 shares of the exchange traded fund’s stock after selling 50 shares during the quarter. Graypoint LLC’s holdings in Vanguard Information Technology ETF were worth $438,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in VGT. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Vanguard Information Technology ETF during the second quarter worth about $137,000. Oppenheimer & Co. Inc. lifted its stake in Vanguard Information Technology ETF by 0.3% in the second quarter. Oppenheimer & Co. Inc. now owns 14,629 shares of the exchange traded fund’s stock valued at $8,435,000 after buying an additional 49 shares during the last quarter. Thoroughbred Financial Services LLC boosted its holdings in shares of Vanguard Information Technology ETF by 19.4% in the second quarter. Thoroughbred Financial Services LLC now owns 616 shares of the exchange traded fund’s stock valued at $355,000 after acquiring an additional 100 shares during the period. Wealthspire Advisors LLC grew its position in shares of Vanguard Information Technology ETF by 28.7% during the second quarter. Wealthspire Advisors LLC now owns 4,949 shares of the exchange traded fund’s stock worth $2,854,000 after acquiring an additional 1,105 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Vanguard Information Technology ETF by 1.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 501,842 shares of the exchange traded fund’s stock valued at $289,357,000 after acquiring an additional 4,910 shares during the period.

Vanguard Information Technology ETF Price Performance

Shares of NYSEARCA:VGT opened at $613.44 on Friday. The stock has a market cap of $77.24 billion, a P/E ratio of 36.30 and a beta of 1.41. Vanguard Information Technology ETF has a 1-year low of $473.89 and a 1-year high of $648.66. The firm has a fifty day moving average price of $626.27 and a 200 day moving average price of $593.58.

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).