Hollencrest Capital Management Lowers Holdings in Vanguard Information Technology ETF $VGT

Hollencrest Capital Management reduced its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 42.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 33,999 shares of the exchange traded fund’s stock after selling 24,736 shares during the period. Hollencrest Capital Management’s holdings in Vanguard Information Technology ETF were worth $4,064,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Kingdom Financial Group LLC. purchased a new stake in shares of Vanguard Information Technology ETF in the fourth quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. raised its position in Vanguard Information Technology ETF by 497.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 233 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 194 shares in the last quarter. RHL Group LLC acquired a new position in Vanguard Information Technology ETF in the fourth quarter valued at approximately $31,000. Jessup Wealth Management Inc acquired a new position in Vanguard Information Technology ETF in the fourth quarter valued at approximately $31,000. Finally, Semmax Financial Advisors Inc. acquired a new position in Vanguard Information Technology ETF in the second quarter valued at approximately $31,000.

Vanguard Information Technology ETF Trading Down 1.5%

Vanguard Information Technology ETF stock opened at $120.07 on Friday. The firm has a market cap of $147.20 billion, a PE ratio of 34.55 and a beta of 1.34. Vanguard Information Technology ETF has a 12 month low of $83.09 and a 12 month high of $126.00. The stock’s 50 day simple moving average is $116.96 and its two-hundred day simple moving average is $106.91.

Vanguard Information Technology ETF 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). This GICS sector is made up of companies in three areas: technology software and services, including companies that develop software in various fields (such as the Internet, applications, systems, databases, and/or home entertainment), and companies that provide information technology consulting and services, data processing, and outsourced services; technology hardware and equipment, including manufacturers and distributors of communications equipment, computers and peripherals and electronic equipment, and semiconductors and semiconductor equipment manufacturers.