Eclectic Associates Inc. ADV Cuts Stock Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

Eclectic Associates Inc. ADV reduced its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 2.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,181 shares of the exchange traded fund’s stock after selling 116 shares during the period. Eclectic Associates Inc. ADV’s holdings in Vanguard Information Technology ETF were worth $2,268,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in Vanguard Information Technology ETF by 4.9% in the fourth quarter. JPMorgan Chase & Co. now owns 5,765,957 shares of the exchange traded fund’s stock valued at $3,585,273,000 after buying an additional 271,622 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Vanguard Information Technology ETF by 10.5% in the fourth quarter. Wells Fargo & Company MN now owns 1,514,592 shares of the exchange traded fund’s stock valued at $941,773,000 after purchasing an additional 144,217 shares during the last quarter. LPL Financial LLC grew its position in shares of Vanguard Information Technology ETF by 11.5% in the fourth quarter. LPL Financial LLC now owns 1,325,876 shares of the exchange traded fund’s stock valued at $824,430,000 after purchasing an additional 137,134 shares during the last quarter. Strategic Financial Concepts LLC grew its position in shares of Vanguard Information Technology ETF by 39,912.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,232,769 shares of the exchange traded fund’s stock valued at $766,536,000 after purchasing an additional 1,229,688 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Vanguard Information Technology ETF in the fourth quarter valued at approximately $494,903,000.

Vanguard Information Technology ETF Stock Performance

Shares of NYSEARCA VGT opened at $623.31 on Thursday. Vanguard Information Technology ETF has a 1 year low of $451.00 and a 1 year high of $648.76. The firm’s 50 day moving average price is $557.62 and its 200 day moving average price is $594.41. The firm has a market cap of $87.90 billion, a P/E 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).