Cavalier Investments LLC Trims Stock Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Cavalier Investments LLC lessened its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 35.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,662 shares of the exchange traded fund’s stock after selling 5,273 shares during the period. Cavalier Investments LLC’s holdings in Vanguard Information Technology ETF were worth $2,366,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in VGT. CNB Bank purchased a new position in shares of Vanguard Information Technology ETF during the fourth quarter valued at approximately $27,000. Wealthcare Capital Management LLC purchased a new position in shares of Vanguard Information Technology ETF during the fourth quarter valued at approximately $27,000. McKinley Carter Wealth Services Inc. purchased a new position in shares of Vanguard Information Technology ETF during the fourth quarter valued at approximately $29,000. Manchester Financial Inc. purchased a new position in shares of Vanguard Information Technology ETF during the fourth quarter valued at approximately $31,000. Finally, Edge Wealth Management LLC purchased a new position in shares of Vanguard Information Technology ETF during the fourth quarter valued at approximately $33,000.

Shares of VGT opened at $270.09 on Friday. The company’s 50 day simple moving average is $256.18 and its 200 day simple moving average is $230.76. Vanguard Information Technology ETF has a 1 year low of $187.12 and a 1 year high of $271.46.

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).

Further Reading: Asset Allocation, Balancing Your Investments

Institutional Ownership by Quarter for Vanguard Information Technology ETF (NYSEARCA:VGT)

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