Royal Fund Management LLC Sells 14,410 Shares of Vanguard Information Technology ETF (NYSEARCA:VGT)

Royal Fund Management LLC reduced its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 40.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 21,475 shares of the exchange traded fund’s stock after selling 14,410 shares during the quarter. Vanguard Information Technology ETF accounts for 1.2% of Royal Fund Management LLC’s investment portfolio, making the stock its 12th largest holding. Royal Fund Management LLC’s holdings in Vanguard Information Technology ETF were worth $10,427,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in VGT. Cooper Financial Group bought a new position in shares of Vanguard Information Technology ETF during the 4th quarter valued at about $234,000. Patriot Financial Group Insurance Agency LLC increased its position in shares of Vanguard Information Technology ETF by 19.3% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 944 shares of the exchange traded fund’s stock valued at $457,000 after purchasing an additional 153 shares during the last quarter. Ritholtz Wealth Management increased its position in shares of Vanguard Information Technology ETF by 2.7% during the 4th quarter. Ritholtz Wealth Management now owns 1,710 shares of the exchange traded fund’s stock valued at $828,000 after purchasing an additional 45 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in Vanguard Information Technology ETF by 23.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 3,044 shares of the exchange traded fund’s stock worth $1,473,000 after acquiring an additional 584 shares during the last quarter. Finally, Altfest L J & Co. Inc. bought a new position in Vanguard Information Technology ETF during the 4th quarter worth approximately $243,000.

Vanguard Information Technology ETF Stock Performance

VGT traded up $13.40 on Friday, hitting $509.46. 438,581 shares of the company were exchanged, compared to its average volume of 486,565. The firm has a fifty day simple moving average of $514.01 and a two-hundred day simple moving average of $485.71. Vanguard Information Technology ETF has a 12 month low of $374.85 and a 12 month high of $536.63. The stock has a market capitalization of $64.15 billion, a PE 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).