KCM Investment Advisors LLC Cuts Holdings in Vanguard Information Technology ETF $VGT

KCM Investment Advisors LLC trimmed its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 6.7% in the first quarter, HoldingsChannel reports. The firm owned 76,389 shares of the exchange traded fund’s stock after selling 5,515 shares during the quarter. Vanguard Information Technology ETF accounts for about 1.8% of KCM Investment Advisors LLC’s holdings, making the stock its 13th largest holding. KCM Investment Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $53,298,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kingdom Financial Group LLC. purchased a new position in shares of Vanguard Information Technology ETF in the 4th quarter worth approximately $27,000. Wells Financial Advisors INC bought a new position in shares of Vanguard Information Technology ETF in the fourth quarter valued at approximately $29,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Vanguard Information Technology ETF during the fourth quarter valued at approximately $30,000. Semmax Financial Advisors Inc. purchased a new stake in shares of Vanguard Information Technology ETF during the second quarter valued at approximately $31,000. Finally, RHL Group LLC bought a new stake in Vanguard Information Technology ETF during the fourth quarter worth $31,000.

Vanguard Information Technology ETF Trading Down 0.8%

Shares of Vanguard Information Technology ETF stock opened at $112.42 on Tuesday. The business’s fifty day simple moving average is $116.77 and its 200 day simple moving average is $102.90. Vanguard Information Technology ETF has a 12 month low of $83.09 and a 12 month high of $126.00. The firm has a market capitalization of $137.82 billion, a P/E ratio of 34.55 and a beta of 1.34.

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.