Confluence Wealth Services Inc. Decreases Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

Confluence Wealth Services Inc. cut its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 18.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,382 shares of the exchange traded fund’s stock after selling 311 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Vanguard Information Technology ETF were worth $893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in Vanguard Information Technology ETF during the 4th quarter worth about $30,000. St. Johns Investment Management Company LLC acquired a new stake in shares of Vanguard Information Technology ETF during the third quarter worth about $30,000. Peterson Financial Group Inc. purchased a new stake in Vanguard Information Technology ETF in the third quarter valued at approximately $30,000. Coastline Trust Co acquired a new position in Vanguard Information Technology ETF in the 3rd quarter worth approximately $32,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in Vanguard Information Technology ETF by 107.1% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 58 shares of the exchange traded fund’s stock worth $34,000 after buying an additional 30 shares during the last quarter.

Vanguard Information Technology ETF Trading Up 1.4 %

Shares of NYSEARCA VGT opened at $624.69 on Thursday. The company has a 50 day simple moving average of $629.23 and a two-hundred day simple moving average of $597.52. The stock has a market cap of $78.66 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41. Vanguard Information Technology ETF has a 12 month low of $478.25 and a 12 month high of $648.76.

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).