Vanguard Information Technology ETF (NYSEARCA:VGT) Shares Sold by Ballast Inc.

Ballast Inc. lowered its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,345 shares of the exchange traded fund’s stock after selling 41 shares during the quarter. Vanguard Information Technology ETF comprises 1.0% of Ballast Inc.’s portfolio, making the stock its 20th largest position. Ballast Inc.’s holdings in Vanguard Information Technology ETF were worth $3,324,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. St. Johns Investment Management Company LLC acquired a new stake in Vanguard Information Technology ETF in the third quarter valued at approximately $30,000. Peterson Financial Group Inc. purchased a new position in shares of Vanguard Information Technology ETF in the third quarter valued at $30,000. Brooklyn Investment Group acquired a new stake in Vanguard Information Technology ETF during the 4th quarter valued at $30,000. Coastline Trust Co purchased a new stake in Vanguard Information Technology ETF during the 3rd quarter worth $32,000. Finally, Halpern Financial Inc. acquired a new position in Vanguard Information Technology ETF in the 3rd quarter worth $33,000.

Vanguard Information Technology ETF Price Performance

NYSEARCA:VGT opened at $627.47 on Friday. The firm has a 50-day moving average of $627.16 and a two-hundred day moving average of $594.83. The stock has a market cap of $79.01 billion, a P/E ratio of 36.30 and a beta of 1.41. Vanguard Information Technology ETF has a 1-year low of $478.25 and a 1-year high of $648.66.

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).