Vanguard Information Technology ETF (NYSEARCA:VGT) Shares Sold by KCM Investment Advisors LLC

KCM Investment Advisors LLC trimmed its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 8.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 72,527 shares of the exchange traded fund’s stock after selling 6,984 shares during the period. Vanguard Information Technology ETF comprises approximately 1.6% of KCM Investment Advisors LLC’s portfolio, making the stock its 16th biggest holding. KCM Investment Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $45,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Zions Bancorporation N.A. grew its holdings in Vanguard Information Technology ETF by 150.0% in the fourth quarter. Zions Bancorporation N.A. now owns 40 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 24 shares during the period. Crowley Wealth Management Inc. purchased a new position in shares of Vanguard Information Technology ETF during the 4th quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new stake in Vanguard Information Technology ETF in the 4th quarter valued at $30,000. Kentucky Trust Co purchased a new stake in Vanguard Information Technology ETF in the 4th quarter worth $31,000. Finally, Briaud Financial Planning Inc acquired a new position in Vanguard Information Technology ETF during the fourth quarter worth $31,000.

Vanguard Information Technology ETF Stock Down 6.4 %

VGT opened at $478.60 on Friday. The firm’s fifty day simple moving average is $589.52 and its two-hundred day simple moving average is $605.17. Vanguard Information Technology ETF has a 52-week low of $476.31 and a 52-week high of $648.76. The company has a market cap of $66.65 billion, a price-to-earnings ratio of 32.38 and a beta of 1.23.

Vanguard Information Technology ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were paid a $0.7294 dividend. The ex-dividend date of this dividend was Tuesday, March 25th.

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).