Pallas Capital Advisors LLC Reduces Stock Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

Pallas Capital Advisors LLC trimmed its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 2.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 9,250 shares of the exchange traded fund’s stock after selling 248 shares during the period. Pallas Capital Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $5,752,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of VGT. Heritage Wealth Partners LLC lifted its holdings in Vanguard Information Technology ETF by 5.5% in the fourth quarter. Heritage Wealth Partners LLC now owns 500 shares of the exchange traded fund’s stock worth $311,000 after acquiring an additional 26 shares during the last quarter. Eastern Bank raised its stake in shares of Vanguard Information Technology ETF by 14.6% in the fourth quarter. Eastern Bank now owns 526 shares of the exchange traded fund’s stock valued at $327,000 after acquiring an additional 67 shares during the last quarter. Bridge Creek Capital Management LLC acquired a new stake in shares of Vanguard Information Technology ETF during the fourth quarter worth $358,000. Cadent Capital Advisors LLC grew its holdings in shares of Vanguard Information Technology ETF by 40.3% during the fourth quarter. Cadent Capital Advisors LLC now owns 3,751 shares of the exchange traded fund’s stock worth $2,332,000 after buying an additional 1,077 shares in the last quarter. Finally, Wedmont Private Capital grew its holdings in Vanguard Information Technology ETF by 32.4% during the fourth quarter. Wedmont Private Capital now owns 8,900 shares of the exchange traded fund’s stock worth $5,460,000 after purchasing an additional 2,177 shares during the period.

Vanguard Information Technology ETF Price Performance

VGT stock traded down $5.02 during trading on Monday, reaching $608.42. 765,912 shares of the company were exchanged, compared to its average volume of 687,193. The company has a market capitalization of $76.61 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41. Vanguard Information Technology ETF has a twelve month low of $473.89 and a twelve month high of $648.66. The company has a 50-day moving average of $626.27 and a two-hundred day moving average of $593.70.

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).