Royal Fund Management LLC Has $10.43 Million Stock Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

Royal Fund Management LLC trimmed its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 40.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,475 shares of the exchange traded fund’s stock after selling 14,410 shares during the quarter. Vanguard Information Technology ETF accounts for 1.2% of Royal Fund Management LLC’s holdings, making the stock its 12th largest holding. Royal Fund Management LLC’s holdings in Vanguard Information Technology ETF were worth $10,427,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in VGT. International Assets Investment Management LLC acquired a new position in shares of Vanguard Information Technology ETF during the 4th quarter worth $692,917,000. Ameriprise Financial Inc. lifted its holdings in shares of Vanguard Information Technology ETF by 14.4% in the third quarter. Ameriprise Financial Inc. now owns 682,089 shares of the exchange traded fund’s stock worth $282,830,000 after acquiring an additional 85,685 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Vanguard Information Technology ETF by 20.6% in the third quarter. Envestnet Asset Management Inc. now owns 468,994 shares of the exchange traded fund’s stock worth $194,586,000 after acquiring an additional 80,145 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Vanguard Information Technology ETF by 6.0% in the 3rd quarter. LPL Financial LLC now owns 1,036,018 shares of the exchange traded fund’s stock valued at $429,844,000 after purchasing an additional 58,893 shares in the last quarter. Finally, Comerica Bank bought a new stake in shares of Vanguard Information Technology ETF during the 3rd quarter valued at approximately $20,488,000.

Vanguard Information Technology ETF Price Performance

VGT stock traded up $13.40 during trading on Friday, reaching $509.46. 438,581 shares of the company were exchanged, compared to its average volume of 486,565. The company has a market capitalization of $64.15 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41. The company has a 50-day moving average of $514.01 and a two-hundred day moving average of $485.71. Vanguard Information Technology ETF has a twelve month low of $374.85 and a twelve month high of $536.63.

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).