Miracle Mile Advisors LLC Reduces Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Miracle Mile Advisors LLC trimmed its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 8.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,979 shares of the exchange traded fund’s stock after selling 280 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $1,852,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Heritage Wealth Partners LLC boosted its stake in shares of Vanguard Information Technology ETF by 5.5% during the 4th quarter. Heritage Wealth Partners LLC now owns 500 shares of the exchange traded fund’s stock worth $311,000 after purchasing an additional 26 shares during the last quarter. Eastern Bank boosted its stake in shares of Vanguard Information Technology ETF by 14.6% during the 4th quarter. Eastern Bank now owns 526 shares of the exchange traded fund’s stock worth $327,000 after purchasing an additional 67 shares during the last quarter. Bridge Creek Capital Management LLC acquired a new stake in shares of Vanguard Information Technology ETF during the 4th quarter worth about $358,000. Cadent Capital Advisors LLC boosted its stake in shares of Vanguard Information Technology ETF by 40.3% during the 4th quarter. Cadent Capital Advisors LLC now owns 3,751 shares of the exchange traded fund’s stock worth $2,332,000 after purchasing an additional 1,077 shares during the last quarter. Finally, Wedmont Private Capital boosted its stake in shares of Vanguard Information Technology ETF by 32.4% during the 4th quarter. Wedmont Private Capital now owns 8,900 shares of the exchange traded fund’s stock worth $5,460,000 after purchasing an additional 2,177 shares during the last quarter.

Vanguard Information Technology ETF Price Performance

Vanguard Information Technology ETF stock opened at $609.87 on Wednesday. Vanguard Information Technology ETF has a 12-month low of $473.89 and a 12-month high of $648.66. The stock has a market capitalization of $76.79 billion, a P/E ratio of 36.30 and a beta of 1.41. The firm’s 50-day moving average is $627.02 and its two-hundred day moving average is $594.15.

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).