Mascoma Wealth Management LLC Cuts Stock Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

Mascoma Wealth Management LLC reduced its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 68.0% during the third quarter, Holdings Channel reports. The firm owned 166 shares of the exchange traded fund’s stock after selling 352 shares during the period. Mascoma Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $97,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wulff Hansen & CO. lifted its position in shares of Vanguard Information Technology ETF by 56,640.2% during the 2nd quarter. Wulff Hansen & CO. now owns 5,340,953 shares of the exchange traded fund’s stock worth $3,079,540,000 after buying an additional 5,331,540 shares in the last quarter. Strategic Financial Concepts LLC increased its position in shares of Vanguard Information Technology ETF by 54,658.6% during the second quarter. Strategic Financial Concepts LLC now owns 1,506,958 shares of the exchange traded fund’s stock valued at $868,897,000 after acquiring an additional 1,504,206 shares during the last quarter. LPL Financial LLC lifted its holdings in Vanguard Information Technology ETF by 5.9% during the second quarter. LPL Financial LLC now owns 1,161,897 shares of the exchange traded fund’s stock worth $669,938,000 after acquiring an additional 64,672 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Vanguard Information Technology ETF by 3.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 506,703 shares of the exchange traded fund’s stock worth $292,185,000 after purchasing an additional 17,933 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Vanguard Information Technology ETF by 1.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 501,842 shares of the exchange traded fund’s stock valued at $289,357,000 after purchasing an additional 4,910 shares during the period.

Vanguard Information Technology ETF Price Performance

NYSEARCA VGT opened at $621.92 on Tuesday. The business’s fifty day moving average is $585.29 and its 200-day moving average is $566.93. The stock has a market capitalization of $78.31 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41. Vanguard Information Technology ETF has a one year low of $441.29 and a one year high of $626.45.

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).