Christensen King & Associates Investment Services Inc. Lowers Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

Christensen King & Associates Investment Services Inc. decreased its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 3.9% during the 4th quarter, Holdings Channel reports. The firm owned 3,676 shares of the exchange traded fund’s stock after selling 148 shares during the quarter. Vanguard Information Technology ETF makes up approximately 1.1% of Christensen King & Associates Investment Services Inc.’s investment portfolio, making the stock its 23rd largest position. Christensen King & Associates Investment Services Inc.’s holdings in Vanguard Information Technology ETF were worth $2,369,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the company. Elevation Capital Advisory LLC purchased a new stake in Vanguard Information Technology ETF during the 2nd quarter worth about $1,983,000. FMR LLC raised its position in Vanguard Information Technology ETF by 11.0% during the 3rd quarter. FMR LLC now owns 64,373 shares of the exchange traded fund’s stock worth $37,756,000 after buying an additional 6,396 shares during the last quarter. Citigroup Inc. grew its holdings in Vanguard Information Technology ETF by 21.2% during the third quarter. Citigroup Inc. now owns 41,329 shares of the exchange traded fund’s stock worth $24,240,000 after acquiring an additional 7,223 shares during the period. Wulff Hansen & CO. grew its holdings in shares of Vanguard Information Technology ETF by 56,640.2% in 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 during the period. Finally, Northstar Group Inc. increased its holdings in Vanguard Information Technology ETF by 3.9% during the 3rd quarter. Northstar Group Inc. now owns 670 shares of the exchange traded fund’s stock valued at $393,000 after acquiring an additional 25 shares in the last quarter.

Vanguard Information Technology ETF Stock Performance

VGT stock opened at $608.42 on Tuesday. The stock has a market capitalization of $76.61 billion, a P/E ratio of 36.30 and a beta of 1.41. Vanguard Information Technology ETF has a one year low of $473.89 and a one year high of $648.66. The company has a 50 day moving average price of $626.72 and a two-hundred day moving average price of $593.91.

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).