Hollencrest Capital Management Lowers Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Hollencrest Capital Management trimmed its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 0.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,212 shares of the exchange traded fund’s stock after selling 493 shares during the period. Vanguard Information Technology ETF accounts for 1.4% of Hollencrest Capital Management’s portfolio, making the stock its 18th biggest position. Hollencrest Capital Management’s holdings in Vanguard Information Technology ETF were worth $34,729,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wulff Hansen & CO. increased its stake in shares of Vanguard Information Technology ETF by 56,640.2% in the 2nd quarter. Wulff Hansen & CO. now owns 5,340,953 shares of the exchange traded fund’s stock worth $3,079,540,000 after acquiring an additional 5,331,540 shares in the last quarter. Strategic Financial Concepts LLC increased its stake in shares of Vanguard Information Technology ETF by 54,658.6% during the second quarter. Strategic Financial Concepts LLC now owns 1,506,958 shares of the exchange traded fund’s stock valued at $868,897,000 after purchasing an additional 1,504,206 shares in the last quarter. Liberty Wealth Management LLC lifted its holdings in shares of Vanguard Information Technology ETF by 6,873.3% during the second quarter. Liberty Wealth Management LLC now owns 312,055 shares of the exchange traded fund’s stock valued at $179,928,000 after purchasing an additional 307,580 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Vanguard Information Technology ETF by 665.9% in the 1st quarter. Cetera Investment Advisers now owns 236,855 shares of the exchange traded fund’s stock worth $124,193,000 after purchasing an additional 205,928 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its stake in shares of Vanguard Information Technology ETF by 263.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 170,957 shares of the exchange traded fund’s stock worth $98,572,000 after buying an additional 123,866 shares during the last quarter.

Vanguard Information Technology ETF Trading Down 0.3 %

NYSEARCA:VGT traded down $1.74 during trading hours on Friday, reaching $623.83. 127,933 shares of the company traded hands, compared to its average volume of 459,914. The business’s 50-day moving average price is $582.18 and its two-hundred day moving average price is $563.66. Vanguard Information Technology ETF has a 1 year low of $433.80 and a 1 year high of $626.45. The stock has a market capitalization of $78.55 billion, a P/E ratio of 36.30 and a beta of 1.41.

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).