Axiom Financial Strategies LLC Cuts Stock Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

Axiom Financial Strategies LLC cut its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,442 shares of the exchange traded fund’s stock after selling 871 shares during the period. Vanguard Information Technology ETF comprises about 9.2% of Axiom Financial Strategies LLC’s investment portfolio, making the stock its 3rd largest position. Axiom Financial Strategies LLC’s holdings in Vanguard Information Technology ETF were worth $16,442,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Thrivent Financial for Lutherans grew its holdings in Vanguard Information Technology ETF by 0.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 4,063 shares of the exchange traded fund’s stock worth $2,343,000 after acquiring an additional 37 shares in the last quarter. Marshall Wace LLP grew its holdings in Vanguard Information Technology ETF by 187.7% during the 2nd quarter. Marshall Wace LLP now owns 5,521 shares of the exchange traded fund’s stock worth $3,183,000 after acquiring an additional 3,602 shares in the last quarter. Squarepoint Ops LLC grew its holdings in Vanguard Information Technology ETF by 19.4% during the 2nd quarter. Squarepoint Ops LLC now owns 2,966 shares of the exchange traded fund’s stock worth $1,710,000 after acquiring an additional 481 shares in the last quarter. AQR Capital Management LLC grew its holdings in Vanguard Information Technology ETF by 44.2% during the 2nd quarter. AQR Capital Management LLC now owns 914 shares of the exchange traded fund’s stock worth $527,000 after acquiring an additional 280 shares in the last quarter. Finally, Magnolia Capital Advisors LLC bought a new stake in shares of Vanguard Information Technology ETF in the 2nd quarter valued at about $291,000.

Vanguard Information Technology ETF Stock Performance

NYSEARCA:VGT opened at $606.72 on Tuesday. Vanguard Information Technology ETF has a fifty-two week low of $478.25 and a fifty-two week high of $648.76. The stock has a market capitalization of $76.40 billion, a P/E ratio of 36.30 and a beta of 1.41. The company’s 50-day simple moving average is $629.27 and its 200-day simple moving average is $596.30.

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).