IVC Wealth Advisors LLC Decreases Stock Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

IVC Wealth Advisors LLC cut its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 12.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 862 shares of the exchange traded fund’s stock after selling 125 shares during the quarter. IVC Wealth Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $536,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of VGT. Brooklyn Investment Group purchased a new stake in shares of Vanguard Information Technology ETF in the 4th quarter worth about $30,000. St. Johns Investment Management Company LLC acquired a new position in Vanguard Information Technology ETF during the third quarter worth about $30,000. Peterson Financial Group Inc. purchased a new stake in shares of Vanguard Information Technology ETF in the third quarter valued at about $30,000. Coastline Trust Co acquired a new stake in shares of Vanguard Information Technology ETF in the third quarter valued at approximately $32,000. Finally, Halpern Financial Inc. purchased a new position in shares of Vanguard Information Technology ETF during the 3rd quarter worth approximately $33,000.

Vanguard Information Technology ETF Price Performance

Shares of Vanguard Information Technology ETF stock opened at $646.34 on Friday. Vanguard Information Technology ETF has a 1 year low of $478.25 and a 1 year high of $648.66. The business has a 50 day moving average price of $627.96 and a 200 day moving average price of $595.76. The company has a market capitalization of $81.39 billion, a P/E ratio of 36.30 and a beta of 1.41.

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).