Salomon & Ludwin LLC Lowers Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

Salomon & Ludwin LLC lessened its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 3.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,596 shares of the exchange traded fund’s stock after selling 222 shares during the quarter. Salomon & Ludwin LLC’s holdings in Vanguard Information Technology ETF were worth $3,480,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Signaturefd LLC boosted its position in shares of Vanguard Information Technology ETF by 1.1% in the 3rd quarter. Signaturefd LLC now owns 1,528 shares of the exchange traded fund’s stock worth $896,000 after purchasing an additional 17 shares in the last quarter. Corbyn Investment Management Inc. MD raised its stake in Vanguard Information Technology ETF by 1.1% during the third quarter. Corbyn Investment Management Inc. MD now owns 1,605 shares of the exchange traded fund’s stock valued at $941,000 after buying an additional 17 shares during the last quarter. Sovereign Financial Group Inc. raised its stake in Vanguard Information Technology ETF by 0.9% during the fourth quarter. Sovereign Financial Group Inc. now owns 2,015 shares of the exchange traded fund’s stock valued at $1,253,000 after buying an additional 17 shares during the last quarter. Frank Rimerman Advisors LLC boosted its holdings in Vanguard Information Technology ETF by 3.6% in the third quarter. Frank Rimerman Advisors LLC now owns 512 shares of the exchange traded fund’s stock worth $300,000 after acquiring an additional 18 shares in the last quarter. Finally, Americana Partners LLC grew its stake in shares of Vanguard Information Technology ETF by 1.2% in the third quarter. Americana Partners LLC now owns 1,645 shares of the exchange traded fund’s stock worth $965,000 after acquiring an additional 19 shares during the last quarter.

Vanguard Information Technology ETF Price Performance

Shares of NYSEARCA:VGT opened at $639.87 on Friday. The business has a fifty day moving average price of $629.08 and a 200-day moving average price of $599.98. The company has a market capitalization of $80.57 billion, a PE ratio of 36.30 and a beta of 1.41. Vanguard Information Technology ETF has a 1-year low of $478.25 and a 1-year high of $648.76.

Vanguard Information Technology ETF Company 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).