Hollencrest Capital Management Trims Stock Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

Hollencrest Capital Management cut its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 0.8% in the third quarter, HoldingsChannel reports. The fund owned 59,212 shares of the exchange traded fund’s stock after selling 493 shares during the period. Vanguard Information Technology ETF makes up approximately 1.4% of Hollencrest Capital Management’s holdings, making the stock its 18th largest holding. Hollencrest Capital Management’s holdings in Vanguard Information Technology ETF were worth $34,729,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in VGT. Wulff Hansen & CO. raised its holdings in shares of Vanguard Information Technology ETF by 56,640.2% during the 2nd quarter. Wulff Hansen & CO. now owns 5,340,953 shares of the exchange traded fund’s stock worth $3,079,540,000 after acquiring an additional 5,331,540 shares in the last quarter. Strategic Financial Concepts LLC raised its stake in Vanguard Information Technology ETF by 54,658.6% during the second quarter. Strategic Financial Concepts LLC now owns 1,506,958 shares of the exchange traded fund’s stock valued at $868,897,000 after purchasing an additional 1,504,206 shares in the last quarter. LPL Financial LLC lifted its position in Vanguard Information Technology ETF by 5.9% during the second quarter. LPL Financial LLC now owns 1,161,897 shares of the exchange traded fund’s stock valued at $669,938,000 after purchasing an additional 64,672 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Vanguard Information Technology ETF by 3.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 506,703 shares of the exchange traded fund’s stock valued at $292,185,000 after purchasing an additional 17,933 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Vanguard Information Technology ETF by 1.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 501,842 shares of the exchange traded fund’s stock worth $289,357,000 after buying an additional 4,910 shares in the last quarter.

Vanguard Information Technology ETF Trading Down 0.3 %

Shares of NYSEARCA:VGT traded down $1.74 during trading on Friday, reaching $623.83. The company’s stock had a trading volume of 127,933 shares, compared to its average volume of 459,914. The firm’s 50 day simple moving average is $582.18 and its two-hundred day simple moving average is $563.66. Vanguard Information Technology ETF has a 12 month low of $433.80 and a 12 month high of $626.45. The stock has a market capitalization of $78.55 billion, a PE ratio of 36.30 and a beta of 1.41.

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).