Perennial Investment Advisors LLC Trims Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Perennial Investment Advisors LLC lowered its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 11.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 13,754 shares of the exchange traded fund’s stock after selling 1,804 shares during the quarter. Vanguard Information Technology ETF makes up about 1.0% of Perennial Investment Advisors LLC’s holdings, making the stock its 26th largest position. Perennial Investment Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $8,552,000 as of its most recent SEC filing.

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

Vanguard Information Technology ETF Stock Performance

Shares of NYSEARCA:VGT opened at $478.60 on Friday. Vanguard Information Technology ETF has a one year low of $476.31 and a one year high of $648.76. The business’s 50-day simple moving average is $589.52 and its 200 day simple moving average is $605.17. The company has a market cap of $66.65 billion, a P/E ratio of 32.38 and a beta of 1.23.

Vanguard Information Technology ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were given a $0.7294 dividend. The ex-dividend date of this dividend 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).