SouthState Corp Trims Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

SouthState Corp trimmed its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 12.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,559 shares of the exchange traded fund’s stock after selling 230 shares during the quarter. SouthState Corp’s holdings in Vanguard Information Technology ETF were worth $755,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in VGT. Bfsg LLC purchased a new position in shares of Vanguard Information Technology ETF in the 4th quarter worth $27,000. OLD Second National Bank of Aurora purchased a new position in shares of Vanguard Information Technology ETF in the 4th quarter worth $29,000. Wetzel Investment Advisors Inc. purchased a new position in Vanguard Information Technology ETF during the fourth quarter valued at $36,000. Aspire Private Capital LLC purchased a new position in Vanguard Information Technology ETF during the third quarter valued at $37,000. Finally, Horizons Wealth Management purchased a new position in Vanguard Information Technology ETF during the fourth quarter valued at $37,000.

Vanguard Information Technology ETF Trading Up 2.7 %

NYSEARCA VGT traded up $13.35 on Friday, hitting $509.41. 438,533 shares of the company traded hands, compared to its average volume of 486,565. The company has a market capitalization of $64.14 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41. The business’s 50 day moving average price is $514.09 and its 200-day moving average price is $485.14. Vanguard Information Technology ETF has a 52-week low of $374.85 and a 52-week high of $536.63.

About Vanguard Information Technology ETF

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).