Transcend Capital Advisors LLC Lowers Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Transcend Capital Advisors LLC cut its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 2.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 6,461 shares of the exchange traded fund’s stock after selling 132 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $3,725,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Financial Counselors Inc. raised its stake in shares of Vanguard Information Technology ETF by 0.5% in the fourth quarter. Financial Counselors Inc. now owns 4,078 shares of the exchange traded fund’s stock worth $1,974,000 after purchasing an additional 20 shares during the last quarter. Garrison Asset Management LLC raised its stake in shares of Vanguard Information Technology ETF by 4.5% in the fourth quarter. Garrison Asset Management LLC now owns 512 shares of the exchange traded fund’s stock worth $248,000 after purchasing an additional 22 shares during the last quarter. Tower View Wealth Management LLC raised its stake in shares of Vanguard Information Technology ETF by 0.6% in the fourth quarter. Tower View Wealth Management LLC now owns 3,458 shares of the exchange traded fund’s stock worth $1,674,000 after purchasing an additional 22 shares during the last quarter. Stephens Inc. AR raised its stake in shares of Vanguard Information Technology ETF by 0.5% in the fourth quarter. Stephens Inc. AR now owns 4,574 shares of the exchange traded fund’s stock worth $2,214,000 after purchasing an additional 22 shares during the last quarter. Finally, Salem Investment Counselors Inc. raised its stake in shares of Vanguard Information Technology ETF by 6.7% in the first quarter. Salem Investment Counselors Inc. now owns 349 shares of the exchange traded fund’s stock worth $183,000 after purchasing an additional 22 shares during the last quarter.

Vanguard Information Technology ETF Stock Performance

Shares of Vanguard Information Technology ETF stock traded down $13.43 on Friday, hitting $534.05. The company had a trading volume of 805,190 shares, compared to its average volume of 472,999. The stock has a market capitalization of $67.25 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41. The stock has a 50 day moving average of $571.41 and a 200-day moving average of $534.05. Vanguard Information Technology ETF has a 1 year low of $397.76 and a 1 year high of $609.15.

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).