Cherry Tree Wealth Management LLC Sells 26 Shares of Vanguard Information Technology ETF (NYSEARCA:VGT)

Cherry Tree Wealth Management LLC lessened its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 9.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 256 shares of the exchange traded fund’s stock after selling 26 shares during the quarter. Cherry Tree Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $124,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of VGT. International Assets Investment Management LLC purchased a new position in Vanguard Information Technology ETF in the 4th quarter valued at approximately $692,917,000. Ameriprise Financial Inc. grew its position in Vanguard Information Technology ETF by 14.4% in the third quarter. Ameriprise Financial Inc. now owns 682,089 shares of the exchange traded fund’s stock worth $282,830,000 after acquiring an additional 85,685 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Vanguard Information Technology ETF by 20.6% in the third quarter. Envestnet Asset Management Inc. now owns 468,994 shares of the exchange traded fund’s stock worth $194,586,000 after acquiring an additional 80,145 shares in the last quarter. LPL Financial LLC grew its position in Vanguard Information Technology ETF by 6.0% in the third quarter. LPL Financial LLC now owns 1,036,018 shares of the exchange traded fund’s stock worth $429,844,000 after acquiring an additional 58,893 shares in the last quarter. Finally, Comerica Bank purchased a new position in Vanguard Information Technology ETF in the third quarter worth $20,488,000.

Vanguard Information Technology ETF Stock Down 0.4 %

NYSEARCA:VGT traded down $2.09 during midday trading on Tuesday, hitting $514.74. The company had a trading volume of 243,321 shares, compared to its average volume of 481,516. Vanguard Information Technology ETF has a 52-week low of $382.70 and a 52-week high of $536.63. The stock’s fifty day moving average price is $514.05 and its 200-day moving average price is $488.03. The company has a market capitalization of $64.82 billion, a PE ratio of 36.30 and a beta of 1.41.

Vanguard Information Technology ETF 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).