Folger Nolan Fleming Douglas Capital Management Inc. Has $91.39 Million Stock Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Folger Nolan Fleming Douglas Capital Management Inc. decreased its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 1.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 188,821 shares of the exchange traded fund’s stock after selling 2,689 shares during the period. Vanguard Information Technology ETF comprises approximately 10.0% of Folger Nolan Fleming Douglas Capital Management Inc.’s holdings, making the stock its largest position. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Vanguard Information Technology ETF were worth $91,390,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Counselors Inc. increased its position in Vanguard Information Technology ETF by 0.5% during the 4th quarter. Financial Counselors Inc. now owns 4,078 shares of the exchange traded fund’s stock valued at $1,974,000 after purchasing an additional 20 shares during the period. Garrison Asset Management LLC increased its position in Vanguard Information Technology ETF by 4.5% during the 4th quarter. Garrison Asset Management LLC now owns 512 shares of the exchange traded fund’s stock valued at $248,000 after purchasing an additional 22 shares during the period. Salem Investment Counselors Inc. increased its position in Vanguard Information Technology ETF by 7.6% during the 4th quarter. Salem Investment Counselors Inc. now owns 327 shares of the exchange traded fund’s stock valued at $158,000 after purchasing an additional 23 shares during the period. Grey Fox Wealth Advisors LLC increased its position in Vanguard Information Technology ETF by 3.7% during the 4th quarter. Grey Fox Wealth Advisors LLC now owns 644 shares of the exchange traded fund’s stock valued at $311,000 after purchasing an additional 23 shares during the period. Finally, Octavia Wealth Advisors LLC increased its position in Vanguard Information Technology ETF by 4.2% during the 3rd quarter. Octavia Wealth Advisors LLC now owns 619 shares of the exchange traded fund’s stock valued at $257,000 after purchasing an additional 25 shares during the period.

Vanguard Information Technology ETF Price Performance

NYSEARCA VGT traded up $8.50 during trading on Friday, reaching $503.94. 364,431 shares of the company’s stock traded hands, compared to its average volume of 493,722. The firm has a market cap of $63.46 billion, a price-to-earnings ratio of 37.45 and a beta of 1.37. The company’s 50 day simple moving average is $514.86 and its two-hundred day simple moving average is $483.23. Vanguard Information Technology ETF has a 12-month low of $374.52 and a 12-month high of $536.63.

Vanguard Information Technology ETF Company 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).