Parker Investment Management LLC Trims Stock Holdings in Vanguard Information Technology ETF $VGT

Parker Investment Management LLC lowered its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 8.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,358 shares of the exchange traded fund’s stock after selling 604 shares during the quarter. Vanguard Information Technology ETF accounts for 0.6% of Parker Investment Management LLC’s portfolio, making the stock its 19th biggest holding. Parker Investment Management LLC’s holdings in Vanguard Information Technology ETF were worth $4,218,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. PDS Planning Inc increased its stake in Vanguard Information Technology ETF by 1.0% in the 2nd quarter. PDS Planning Inc now owns 1,573 shares of the exchange traded fund’s stock worth $1,043,000 after buying an additional 15 shares during the period. Chesapeake Wealth Management increased its position in shares of Vanguard Information Technology ETF by 1.0% during the second quarter. Chesapeake Wealth Management now owns 1,537 shares of the exchange traded fund’s stock worth $1,019,000 after acquiring an additional 15 shares during the period. Anfield Capital Management LLC raised its stake in shares of Vanguard Information Technology ETF by 10.6% during the first quarter. Anfield Capital Management LLC now owns 177 shares of the exchange traded fund’s stock valued at $96,000 after acquiring an additional 17 shares in the last quarter. National Wealth Management Group LLC boosted its holdings in shares of Vanguard Information Technology ETF by 0.4% in the first quarter. National Wealth Management Group LLC now owns 4,083 shares of the exchange traded fund’s stock valued at $2,215,000 after purchasing an additional 17 shares during the period. Finally, RCS Financial Planning LLC boosted its holdings in shares of Vanguard Information Technology ETF by 3.1% in the second quarter. RCS Financial Planning LLC now owns 569 shares of the exchange traded fund’s stock valued at $377,000 after purchasing an additional 17 shares during the period.

Vanguard Information Technology ETF Stock Up 0.5%

VGT opened at $756.26 on Friday. The stock’s fifty day moving average is $754.35 and its two-hundred day moving average is $687.69. The company has a market capitalization of $111.89 billion, a P/E ratio of 34.55 and a beta of 1.25. Vanguard Information Technology ETF has a 52 week low of $451.00 and a 52 week high of $806.99.

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).