Absolute Capital Management LLC Has $2.90 Million Stock Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

Absolute Capital Management LLC reduced its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 21.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,993 shares of the exchange traded fund’s stock after selling 1,607 shares during the quarter. Vanguard Information Technology ETF comprises 2.6% of Absolute Capital Management LLC’s holdings, making the stock its 9th largest holding. Absolute Capital Management LLC’s holdings in Vanguard Information Technology ETF were worth $2,901,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Bfsg LLC bought a new stake in Vanguard Information Technology ETF in the fourth quarter worth approximately $27,000. OLD Second National Bank of Aurora bought a new stake in shares of Vanguard Information Technology ETF during the fourth quarter valued at approximately $29,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Vanguard Information Technology ETF during the fourth quarter valued at approximately $36,000. Horizons Wealth Management bought a new stake in shares of Vanguard Information Technology ETF during the fourth quarter valued at approximately $37,000. Finally, Northwest Capital Management Inc increased its holdings in shares of Vanguard Information Technology ETF by 97.6% during the fourth quarter. Northwest Capital Management Inc now owns 81 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 40 shares in the last quarter.

Vanguard Information Technology ETF Stock Up 1.7 %

NYSEARCA VGT opened at $503.94 on Friday. The company has a market cap of $63.46 billion, a price-to-earnings ratio of 37.45 and a beta of 1.37. Vanguard Information Technology ETF has a 52 week low of $374.52 and a 52 week high of $536.63. The business has a 50 day moving average price of $514.86 and a 200-day moving average price of $483.62.

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).