Main Street Group LTD Lowers Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Main Street Group LTD trimmed its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 27.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,193 shares of the exchange traded fund’s stock after selling 446 shares during the quarter. Main Street Group LTD’s holdings in Vanguard Information Technology ETF were worth $695,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Richardson Capital Management LLC purchased a new position in Vanguard Information Technology ETF in the first quarter valued at about $29,000. Triad Wealth Partners LLC purchased a new position in shares of Vanguard Information Technology ETF in the 2nd quarter worth approximately $32,000. Opal Wealth Advisors LLC bought a new position in shares of Vanguard Information Technology ETF during the 1st quarter worth approximately $34,000. MTM Investment Management LLC purchased a new stake in Vanguard Information Technology ETF during the first quarter valued at approximately $35,000. Finally, Family Firm Inc. acquired a new stake in Vanguard Information Technology ETF in the second quarter valued at approximately $35,000.

Vanguard Information Technology ETF Trading Down 2.4 %

Shares of VGT stock traded down $13.12 during trading hours on Friday, reaching $533.17. 692,109 shares of the company’s stock were exchanged, compared to its average volume of 476,653. Vanguard Information Technology ETF has a fifty-two week low of $397.76 and a fifty-two week high of $609.15. The stock’s 50 day moving average is $568.26 and its 200-day moving average is $542.68. The company has a market cap of $67.14 billion, a price-to-earnings 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).