Confluence Wealth Services Inc. Sells 311 Shares of Vanguard Information Technology ETF (NYSEARCA:VGT)

Confluence Wealth Services Inc. lowered its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 18.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,382 shares of the exchange traded fund’s stock after selling 311 shares during the period. Confluence Wealth Services Inc.’s holdings in Vanguard Information Technology ETF were worth $893,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of VGT. Brooklyn Investment Group purchased a new stake in Vanguard Information Technology ETF during the fourth quarter valued at approximately $30,000. St. Johns Investment Management Company LLC acquired a new position in shares of Vanguard Information Technology ETF during the third quarter worth $30,000. Peterson Financial Group Inc. purchased a new stake in shares of Vanguard Information Technology ETF during the 3rd quarter valued at $30,000. Coastline Trust Co purchased a new stake in shares of Vanguard Information Technology ETF during the 3rd quarter valued at $32,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Vanguard Information Technology ETF by 107.1% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 58 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 30 shares in the last quarter.

Vanguard Information Technology ETF Price Performance

Shares of NYSEARCA:VGT opened at $624.69 on Thursday. The business’s 50-day moving average is $629.23 and its 200 day moving average is $597.52. Vanguard Information Technology ETF has a 1 year low of $478.25 and a 1 year high of $648.76. The firm has a market capitalization of $78.66 billion, a P/E ratio of 36.30 and a beta of 1.41.

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).