Tower View Wealth Management LLC Cuts Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Tower View Wealth Management LLC decreased its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,758 shares of the exchange traded fund’s stock after selling 26 shares during the period. Tower View Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $2,336,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of VGT. Peterson Financial Group Inc. acquired a new position in shares of Vanguard Information Technology ETF in the third quarter worth $30,000. Brooklyn Investment Group acquired a new position in shares of Vanguard Information Technology ETF in the fourth quarter worth $30,000. Kentucky Trust Co acquired a new position in shares of Vanguard Information Technology ETF in the fourth quarter worth $31,000. Coastline Trust Co acquired a new position in shares of Vanguard Information Technology ETF in the third quarter worth $32,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Vanguard Information Technology ETF by 107.1% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 58 shares of the exchange traded fund’s stock worth $34,000 after acquiring an additional 30 shares in the last quarter.

Vanguard Information Technology ETF Stock Up 1.6 %

NYSEARCA:VGT opened at $598.48 on Friday. The company has a fifty day simple moving average of $626.13 and a two-hundred day simple moving average of $606.86. The company has a market cap of $83.08 billion, a price-to-earnings ratio of 36.18 and a beta of 1.16. Vanguard Information Technology ETF has a 52 week low of $478.25 and a 52 week high of $648.76.

Vanguard Information Technology ETF Company 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).