Cassaday & Co Wealth Management LLC Lowers Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Cassaday & Co Wealth Management LLC lessened its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 8.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,660 shares of the exchange traded fund’s stock after selling 152 shares during the quarter. Cassaday & Co Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $974,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Lazard Asset Management LLC lifted its holdings in shares of Vanguard Information Technology ETF by 13.9% in the first quarter. Lazard Asset Management LLC now owns 4,100 shares of the exchange traded fund’s stock worth $2,149,000 after buying an additional 500 shares in the last quarter. Diversify Advisory Services LLC raised its stake in Vanguard Information Technology ETF by 31.2% during the second quarter. Diversify Advisory Services LLC now owns 1,693 shares of the exchange traded fund’s stock valued at $1,014,000 after purchasing an additional 403 shares in the last quarter. Asset Dedication LLC raised its stake in Vanguard Information Technology ETF by 187.0% during the second quarter. Asset Dedication LLC now owns 155 shares of the exchange traded fund’s stock valued at $89,000 after purchasing an additional 101 shares in the last quarter. Covestor Ltd raised its stake in Vanguard Information Technology ETF by 187.5% during the first quarter. Covestor Ltd now owns 92 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 60 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Vanguard Information Technology ETF during the first quarter valued at $1,238,000.

Vanguard Information Technology ETF Stock Down 2.4 %

Vanguard Information Technology ETF stock opened at $602.95 on Monday. The company has a market cap of $75.92 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41. The firm’s fifty day moving average is $591.06 and its 200 day moving average is $570.24. Vanguard Information Technology ETF has a 52-week low of $452.47 and a 52-week high of $626.45.

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).