Vanguard Information Technology ETF (NYSEARCA:VGT) Position Cut by Stearns Financial Services Group

Stearns Financial Services Group cut its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 3.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 108,134 shares of the exchange traded fund’s stock after selling 3,792 shares during the quarter. Vanguard Information Technology ETF comprises approximately 4.5% of Stearns Financial Services Group’s investment portfolio, making the stock its 5th biggest position. Stearns Financial Services Group owned 0.10% of Vanguard Information Technology ETF worth $18,491,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VGT. Valley National Advisers Inc. raised its position in Vanguard Information Technology ETF by 120.6% in the 4th quarter. Valley National Advisers Inc. now owns 622 shares of the exchange traded fund’s stock valued at $103,000 after purchasing an additional 340 shares in the last quarter. Oak Point Wealth Management acquired a new stake in shares of Vanguard Information Technology ETF during the 4th quarter worth about $106,000. SeaCrest Wealth Management LLC purchased a new position in Vanguard Information Technology ETF during the 4th quarter worth approximately $114,000. Tower View Investment Management & Research LLC purchased a new position in shares of Vanguard Information Technology ETF in the 4th quarter valued at approximately $115,000. Finally, Virtue Capital Management LLC purchased a new position in shares of Vanguard Information Technology ETF in the 4th quarter valued at approximately $136,000.

Shares of Vanguard Information Technology ETF opened at $181.30 on Friday, Marketbeat Ratings reports. Vanguard Information Technology ETF has a twelve month low of $180.74 and a twelve month high of $182.22.

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).

Institutional Ownership by Quarter for Vanguard Information Technology ETF (NYSEARCA:VGT)

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