Howe & Rusling Inc. Lowers Stock Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Howe & Rusling Inc. cut its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 43.3% in the 4th quarter, HoldingsChannel reports. The firm owned 858 shares of the exchange traded fund’s stock after selling 654 shares during the period. Howe & Rusling Inc.’s holdings in Vanguard Information Technology ETF were worth $534,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. grew its position in Vanguard Information Technology ETF by 45.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 93 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 29 shares in the last quarter. Principal Securities Inc. lifted its stake in Vanguard Information Technology ETF by 20.4% during the fourth quarter. Principal Securities Inc. now owns 667 shares of the exchange traded fund’s stock worth $415,000 after purchasing an additional 113 shares during the last quarter. Carnegie Investment Counsel boosted its holdings in shares of Vanguard Information Technology ETF by 5.4% in the 4th quarter. Carnegie Investment Counsel now owns 2,269 shares of the exchange traded fund’s stock worth $1,411,000 after purchasing an additional 117 shares in the last quarter. FMR LLC increased its position in shares of Vanguard Information Technology ETF by 11.0% during the 3rd quarter. FMR LLC now owns 64,373 shares of the exchange traded fund’s stock valued at $37,756,000 after purchasing an additional 6,396 shares during the last quarter. Finally, Atlantic Family Wealth LLC purchased a new position in shares of Vanguard Information Technology ETF during the 4th quarter valued at about $4,181,000.

Vanguard Information Technology ETF Price Performance

NYSEARCA:VGT opened at $557.24 on Friday. The company has a market capitalization of $77.61 billion, a price-to-earnings ratio of 33.62 and a beta of 1.17. The business has a 50 day moving average of $602.42 and a 200 day moving average of $606.38. Vanguard Information Technology ETF has a 1-year low of $478.25 and a 1-year high of $648.76.

Vanguard Information Technology ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th were issued a $0.7294 dividend. The ex-dividend date was Tuesday, March 25th.

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).