Vanguard Information Technology ETF (NYSEARCA:VGT) Shares Sold by Gallacher Capital Management LLC

Gallacher Capital Management LLC trimmed its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 10.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,211 shares of the exchange traded fund’s stock after selling 252 shares during the quarter. Vanguard Information Technology ETF comprises about 0.6% of Gallacher Capital Management LLC’s investment portfolio, making the stock its 28th largest holding. Gallacher Capital Management LLC’s holdings in Vanguard Information Technology ETF were worth $1,070,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Ironwood Wealth Management LLC. acquired a new stake in shares of Vanguard Information Technology ETF in the third quarter valued at approximately $224,000. Arkansas Financial Group Inc. raised its position 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 last quarter. GPS Wealth Strategies Group LLC boosted its stake in Vanguard Information Technology ETF by 5.3% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 62,598 shares of the exchange traded fund’s stock worth $25,972,000 after purchasing an additional 3,131 shares during the period. Advisor Partners II LLC grew its position in Vanguard Information Technology ETF by 142.1% during the 3rd quarter. Advisor Partners II LLC now owns 3,820 shares of the exchange traded fund’s stock worth $1,585,000 after purchasing an additional 2,242 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new position in Vanguard Information Technology ETF in the third quarter valued at $503,000.

Vanguard Information Technology ETF Trading Up 2.7 %

Shares of VGT traded up $13.40 during mid-day trading on Friday, hitting $509.46. The company’s stock had a trading volume of 438,581 shares, compared to its average volume of 486,565. Vanguard Information Technology ETF has a 1-year low of $374.85 and a 1-year high of $536.63. The firm has a market capitalization of $64.15 billion, a P/E ratio of 36.30 and a beta of 1.41. The firm has a 50-day simple moving average of $514.01 and a 200 day simple moving average of $486.59.

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).