Sumitomo Mitsui Financial Group Inc. Reduces Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

Sumitomo Mitsui Financial Group Inc. lessened its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 4.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 15,080 shares of the exchange traded fund’s stock after selling 716 shares during the quarter. Sumitomo Mitsui Financial Group Inc.’s holdings in Vanguard Information Technology ETF were worth $9,377,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Sovereign Financial Group Inc. boosted its position in shares of Vanguard Information Technology ETF by 0.9% in 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 acquiring an additional 17 shares during the period. Sfmg LLC boosted its holdings in Vanguard Information Technology ETF by 2.8% in the 3rd quarter. Sfmg LLC now owns 700 shares of the exchange traded fund’s stock valued at $411,000 after purchasing an additional 19 shares during the period. Bare Financial Services Inc boosted its holdings in Vanguard Information Technology ETF by 2.1% in the 4th quarter. Bare Financial Services Inc now owns 928 shares of the exchange traded fund’s stock valued at $577,000 after purchasing an additional 19 shares during the period. Hamilton Point Investment Advisors LLC grew its position in shares of Vanguard Information Technology ETF by 2.6% during the 4th quarter. Hamilton Point Investment Advisors LLC now owns 788 shares of the exchange traded fund’s stock valued at $490,000 after purchasing an additional 20 shares in the last quarter. Finally, Hemington Wealth Management increased its holdings in shares of Vanguard Information Technology ETF by 16.8% in the fourth quarter. Hemington Wealth Management now owns 139 shares of the exchange traded fund’s stock worth $86,000 after purchasing an additional 20 shares during the period.

Vanguard Information Technology ETF Stock Performance

Shares of VGT stock opened at $478.60 on Monday. The company has a market capitalization of $66.65 billion, a PE ratio of 32.38 and a beta of 1.23. Vanguard Information Technology ETF has a 52-week low of $451.68 and a 52-week high of $648.76. The business’s fifty day moving average is $589.52 and its 200 day moving average is $605.75.

Vanguard Information Technology ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th were given a dividend of $0.7294 per share. 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).