Absolute Capital Management LLC Has $3.02 Million Holdings in Vanguard Information Technology ETF $VGT

Absolute Capital Management LLC cut its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 17.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,043 shares of the exchange traded fund’s stock after selling 827 shares during the period. Vanguard Information Technology ETF comprises approximately 1.3% of Absolute Capital Management LLC’s holdings, making the stock its 21st largest holding. Absolute Capital Management LLC’s holdings in Vanguard Information Technology ETF were worth $3,019,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VGT. Brighton Jones LLC raised its holdings in shares of Vanguard Information Technology ETF by 34.9% in the fourth quarter. Brighton Jones LLC now owns 2,313 shares of the exchange traded fund’s stock valued at $1,438,000 after buying an additional 598 shares during the last quarter. AQR Capital Management LLC grew its holdings in Vanguard Information Technology ETF by 80.9% during the 1st quarter. AQR Capital Management LLC now owns 4,147 shares of the exchange traded fund’s stock worth $2,249,000 after acquiring an additional 1,854 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Vanguard Information Technology ETF by 0.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 112,999 shares of the exchange traded fund’s stock valued at $61,288,000 after acquiring an additional 305 shares in the last quarter. Sound Income Strategies LLC raised its stake in shares of Vanguard Information Technology ETF by 17.0% in the second quarter. Sound Income Strategies LLC now owns 248 shares of the exchange traded fund’s stock worth $165,000 after acquiring an additional 36 shares during the last quarter. Finally, Northwest Wealth Management LLC bought a new position in shares of Vanguard Information Technology ETF in the second quarter worth about $237,000.

Vanguard Information Technology ETF Price Performance

VGT opened at $775.18 on Thursday. Vanguard Information Technology ETF has a one year low of $451.00 and a one year high of $806.99. The company’s 50 day simple moving average is $756.52 and its 200-day simple moving average is $737.20. The stock has a market capitalization of $116.00 billion, a P/E ratio of 34.55 and a beta of 1.25.

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). This GICS sector is made up of companies in three areas: technology software and services, including companies that develop software in various fields (such as the Internet, applications, systems, databases, and/or home entertainment), and companies that provide information technology consulting and services, data processing, and outsourced services; technology hardware and equipment, including manufacturers and distributors of communications equipment, computers and peripherals and electronic equipment, and semiconductors and semiconductor equipment manufacturers.