Franklin Resources Inc. Reduces Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

Franklin Resources Inc. lessened its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 10.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,543 shares of the exchange traded fund’s stock after selling 288 shares during the quarter. Franklin Resources Inc.’s holdings in Vanguard Information Technology ETF were worth $1,581,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Morse Asset Management Inc bought a new position in Vanguard Information Technology ETF in the 3rd quarter valued at $138,000. Advisory Resource Group boosted its stake in Vanguard Information Technology ETF by 11.5% during the third quarter. Advisory Resource Group now owns 1,053 shares of the exchange traded fund’s stock valued at $618,000 after buying an additional 109 shares during the period. Anchor Investment Management LLC grew its position in Vanguard Information Technology ETF by 2.9% during the third quarter. Anchor Investment Management LLC now owns 28,692 shares of the exchange traded fund’s stock worth $16,828,000 after buying an additional 820 shares in the last quarter. World Investment Advisors LLC grew its position in Vanguard Information Technology ETF by 439.3% during the third quarter. World Investment Advisors LLC now owns 9,088 shares of the exchange traded fund’s stock worth $5,330,000 after buying an additional 7,403 shares in the last quarter. Finally, Sfmg LLC increased its stake in Vanguard Information Technology ETF by 2.8% in the 3rd quarter. Sfmg LLC now owns 700 shares of the exchange traded fund’s stock worth $411,000 after acquiring an additional 19 shares during the last quarter.

Vanguard Information Technology ETF Trading Up 0.7 %

Shares of VGT opened at $523.81 on Tuesday. Vanguard Information Technology ETF has a 12-month low of $451.00 and a 12-month high of $648.76. The company has a market cap of $72.95 billion, a PE ratio of 32.38 and a beta of 1.23. The stock has a 50-day moving average price of $571.61 and a 200-day moving average price of $601.27.

Vanguard Information Technology ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were given a dividend of $0.7294 per share. The ex-dividend date was Tuesday, March 25th.

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).