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

Gallacher Capital Management LLC trimmed its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 10.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,211 shares of the exchange traded fund’s stock after selling 252 shares during the period. Vanguard Information Technology ETF makes up 0.6% of Gallacher Capital Management LLC’s investment portfolio, making the stock its 28th biggest holding. Gallacher Capital Management LLC’s holdings in Vanguard Information Technology ETF were worth $1,070,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of VGT. Ironwood Wealth Management LLC. bought a new position in Vanguard Information Technology ETF in the 3rd quarter valued at $224,000. Arkansas Financial Group Inc. boosted its holdings in Vanguard Information Technology ETF by 9.7% in the 3rd quarter. Arkansas Financial Group Inc. now owns 16,243 shares of the exchange traded fund’s stock valued at $6,739,000 after purchasing an additional 1,432 shares during the period. GPS Wealth Strategies Group LLC boosted its holdings in Vanguard Information Technology ETF by 5.3% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 62,598 shares of the exchange traded fund’s stock valued at $25,972,000 after purchasing an additional 3,131 shares during the period. Advisor Partners II LLC boosted its holdings in Vanguard Information Technology ETF by 142.1% in the 3rd quarter. Advisor Partners II LLC now owns 3,820 shares of the exchange traded fund’s stock valued at $1,585,000 after purchasing an additional 2,242 shares during the period. Finally, Park Avenue Securities LLC bought a new position in Vanguard Information Technology ETF in the 3rd quarter valued at $503,000.

Vanguard Information Technology ETF Price Performance

NYSEARCA:VGT traded up $13.40 during trading hours on Friday, hitting $509.46. The stock had a trading volume of 438,581 shares, compared to its average volume of 486,565. The company has a 50 day simple moving average of $514.01 and a two-hundred day simple moving average of $486.59. Vanguard Information Technology ETF has a one year low of $374.85 and a one year high of $536.63. The firm has a market capitalization of $64.15 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41.

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).