Sheaff Brock Investment Advisors LLC Decreases Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

Sheaff Brock Investment Advisors LLC lessened its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 5.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 591 shares of the exchange traded fund’s stock after selling 36 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $347,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in VGT. Stonebridge Capital Advisors LLC purchased a new stake in shares of Vanguard Information Technology ETF during the 1st quarter valued at about $212,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Vanguard Information Technology ETF in the 1st quarter worth about $1,238,000. Orion Portfolio Solutions LLC boosted its stake in shares of Vanguard Information Technology ETF by 21.2% during the 1st quarter. Orion Portfolio Solutions LLC now owns 4,356 shares of the exchange traded fund’s stock worth $2,284,000 after purchasing an additional 761 shares during the period. Spirepoint Private Client LLC bought a new stake in Vanguard Information Technology ETF in the first quarter worth about $410,000. Finally, Vanguard Group Inc. lifted its stake in shares of Vanguard Information Technology ETF by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 5,637 shares of the exchange traded fund’s stock worth $2,956,000 after acquiring an additional 179 shares during the last quarter.

Vanguard Information Technology ETF Trading Down 2.4 %

NYSEARCA VGT opened at $602.95 on Friday. Vanguard Information Technology ETF has a 12 month low of $452.47 and a 12 month high of $626.45. The company’s 50-day moving average price is $591.06 and its 200-day moving average price is $569.16. The stock has a market cap of $75.92 billion, a PE ratio of 36.30 and a beta of 1.41.

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).