Bryn Mawr Capital Management LLC Cuts Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

Bryn Mawr Capital Management LLC lessened its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 11.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 15,156 shares of the exchange traded fund’s stock after selling 2,048 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Vanguard Information Technology ETF were worth $9,424,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in VGT. Brooklyn Investment Group bought a new position in shares of Vanguard Information Technology ETF during the fourth quarter valued at about $30,000. Kentucky Trust Co bought a new position in shares of Vanguard Information Technology ETF in the fourth quarter worth approximately $31,000. Peterson Financial Group Inc. purchased a new position in shares of Vanguard Information Technology ETF in the third quarter valued at about $30,000. Coastline Trust Co bought a new position in Vanguard Information Technology ETF during the 3rd quarter valued at approximately $32,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Vanguard Information Technology ETF by 107.1% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 58 shares of the exchange traded fund’s stock valued at $34,000 after buying an additional 30 shares during the period.

Vanguard Information Technology ETF Price Performance

NYSEARCA:VGT opened at $605.95 on Wednesday. Vanguard Information Technology ETF has a 1-year low of $478.25 and a 1-year high of $648.76. The company has a market capitalization of $76.30 billion, a PE ratio of 36.30 and a beta of 1.41. The firm’s 50-day moving average price is $627.67 and its 200-day moving average price is $606.16.

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).