Belpointe Asset Management LLC Sells 369 Shares of Vanguard Information Technology ETF (NYSEARCA:VGT)

Belpointe Asset Management LLC trimmed its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 2.5% during the 4th quarter, Holdings Channel reports. The firm owned 14,690 shares of the exchange traded fund’s stock after selling 369 shares during the quarter. Belpointe Asset Management LLC’s holdings in Vanguard Information Technology ETF were worth $8,432,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of VGT. JPMorgan Chase & Co. increased its holdings in shares of Vanguard Information Technology ETF by 4.9% in the 4th quarter. JPMorgan Chase & Co. now owns 5,765,957 shares of the exchange traded fund’s stock worth $3,585,273,000 after buying an additional 271,622 shares during the last quarter. Wells Fargo & Company MN grew its position in Vanguard Information Technology ETF by 10.5% in the fourth quarter. Wells Fargo & Company MN now owns 1,514,592 shares of the exchange traded fund’s stock worth $941,773,000 after acquiring an additional 144,217 shares in the last quarter. LPL Financial LLC grew its position in Vanguard Information Technology ETF by 11.5% in the fourth quarter. LPL Financial LLC now owns 1,325,876 shares of the exchange traded fund’s stock worth $824,430,000 after acquiring an additional 137,134 shares in the last quarter. Strategic Financial Concepts LLC increased its stake in Vanguard Information Technology ETF by 39,912.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,232,769 shares of the exchange traded fund’s stock valued at $766,536,000 after acquiring an additional 1,229,688 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Vanguard Information Technology ETF during the fourth quarter valued at about $494,903,000.

Vanguard Information Technology ETF Trading Up 2.0 %

VGT opened at $520.14 on Monday. The stock has a market capitalization of $72.43 billion, a P/E ratio of 32.38 and a beta of 1.23. Vanguard Information Technology ETF has a 12-month low of $451.00 and a 12-month high of $648.76. The stock has a 50-day moving average price of $573.63 and a 200-day moving average price of $601.70.

Vanguard Information Technology ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were given a dividend of $0.7294 per share. The ex-dividend date was Tuesday, March 25th.

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).