Park Avenue Securities LLC Has $2.93 Million Holdings in Vanguard Information Technology ETF $VGT

Park Avenue Securities LLC cut its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 23.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,886 shares of the exchange traded fund’s stock after selling 1,177 shares during the quarter. Park Avenue Securities LLC’s holdings in Vanguard Information Technology ETF were worth $2,930,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. China Universal Asset Management Co. Ltd. increased its stake in Vanguard Information Technology ETF by 110.5% during the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 40 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 21 shares during the period. Strategic Advocates LLC bought a new stake in shares of Vanguard Information Technology ETF during the 3rd quarter valued at $30,000. First Command Advisory Services Inc. acquired a new stake in shares of Vanguard Information Technology ETF during the 3rd quarter worth $31,000. Semmax Financial Advisors Inc. acquired a new stake in shares of Vanguard Information Technology ETF during the 2nd quarter worth $31,000. Finally, Palisade Asset Management LLC bought a new position in shares of Vanguard Information Technology ETF in the third quarter worth $34,000.

Vanguard Information Technology ETF Stock Performance

Shares of NYSEARCA VGT opened at $705.13 on Monday. The stock has a market capitalization of $105.52 billion, a P/E ratio of 34.55 and a beta of 1.25. The stock’s fifty day moving average is $739.44 and its 200 day moving average is $748.31. Vanguard Information Technology ETF has a 52 week low of $451.00 and a 52 week high of $806.99.

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.