Meridian Investment Counsel Inc. Sells 140 Shares of Vanguard Information Technology ETF (NYSEARCA:VGT)

Meridian Investment Counsel Inc. trimmed its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 4.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,043 shares of the exchange traded fund’s stock after selling 140 shares during the quarter. Meridian Investment Counsel Inc.’s holdings in Vanguard Information Technology ETF were worth $1,785,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. St. Johns Investment Management Company LLC purchased a new position in shares of Vanguard Information Technology ETF during the 3rd quarter worth about $30,000. Triad Wealth Partners LLC bought a new stake in Vanguard Information Technology ETF in the second quarter worth about $32,000. Coastline Trust Co bought a new stake in Vanguard Information Technology ETF in the third quarter worth about $32,000. Bell Investment Advisors Inc purchased a new position in shares of Vanguard Information Technology ETF during the second quarter valued at approximately $33,000. Finally, Halpern Financial Inc. purchased a new stake in shares of Vanguard Information Technology ETF in the third quarter worth approximately $33,000.

Vanguard Information Technology ETF Stock Performance

Shares of VGT stock opened at $602.95 on Friday. The stock has a 50 day moving average price of $591.06 and a 200 day moving average price of $569.16. Vanguard Information Technology ETF has a 52-week low of $452.47 and a 52-week high of $626.45. The firm has a market capitalization of $75.92 billion, a P/E ratio of 36.30 and a beta of 1.41.

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).