Absolute Capital Management LLC Has $3.23 Million Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Absolute Capital Management LLC reduced its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,190 shares of the exchange traded fund’s stock after selling 231 shares during the quarter. Vanguard Information Technology ETF comprises 1.8% of Absolute Capital Management LLC’s portfolio, making the stock its 15th biggest position. Absolute Capital Management LLC’s holdings in Vanguard Information Technology ETF were worth $3,228,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of VGT. Brooklyn Investment Group acquired a new position in shares of Vanguard Information Technology ETF during the 4th quarter worth about $30,000. Kentucky Trust Co acquired a new position in shares of Vanguard Information Technology ETF during the 4th quarter worth about $31,000. Briaud Financial Planning Inc acquired a new position in shares of Vanguard Information Technology ETF during the 4th quarter worth about $31,000. Duncker Streett & Co. Inc. acquired a new position in shares of Vanguard Information Technology ETF in the 4th quarter valued at approximately $35,000. Finally, Copley Financial Group Inc. acquired a new position in shares of Vanguard Information Technology ETF in the 3rd quarter valued at approximately $38,000.

Vanguard Information Technology ETF Stock Performance

Shares of VGT opened at $562.71 on Friday. The stock has a 50 day simple moving average of $607.14 and a 200 day simple moving average of $605.77. Vanguard Information Technology ETF has a 52-week low of $478.25 and a 52-week high of $648.76. The firm has a market capitalization of $78.37 billion, a PE ratio of 33.62 and a beta of 1.17.

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).