Exchange Capital Management Inc. Sells 595 Shares of Vanguard Information Technology ETF (NYSEARCA:VGT)

Exchange Capital Management Inc. cut its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 1.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,245 shares of the exchange traded fund’s stock after selling 595 shares during the period. Vanguard Information Technology ETF accounts for 2.8% of Exchange Capital Management Inc.’s portfolio, making the stock its 4th largest holding. Exchange Capital Management Inc.’s holdings in Vanguard Information Technology ETF were worth $17,432,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in VGT. Bfsg LLC acquired a new position in shares of Vanguard Information Technology ETF during the fourth quarter worth approximately $27,000. Richardson Capital Management LLC bought a new position in Vanguard Information Technology ETF during the first quarter worth about $29,000. Signature Resources Capital Management LLC bought a new position in shares of Vanguard Information Technology ETF in the fourth quarter valued at approximately $28,000. OLD Second National Bank of Aurora purchased a new stake in Vanguard Information Technology ETF in the fourth quarter valued at approximately $29,000. Finally, Opal Wealth Advisors LLC purchased a new stake in Vanguard Information Technology ETF in the first quarter valued at approximately $34,000.

Vanguard Information Technology ETF Stock Up 0.5 %

Shares of Vanguard Information Technology ETF stock traded up $3.10 on Tuesday, hitting $585.35. The stock had a trading volume of 266,449 shares, compared to its average volume of 456,069. The stock has a market cap of $73.71 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41. The stock’s 50-day simple moving average is $539.46 and its two-hundred day simple moving average is $516.70. Vanguard Information Technology ETF has a one year low of $397.76 and a one year high of $593.10.

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).