Arkansas Financial Group Inc. Cuts Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

Arkansas Financial Group Inc. reduced its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 2.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 14,811 shares of the exchange traded fund’s stock after selling 390 shares during the period. Vanguard Information Technology ETF accounts for 1.3% of Arkansas Financial Group Inc.’s portfolio, making the stock its 19th biggest position. Arkansas Financial Group Inc.’s holdings in Vanguard Information Technology ETF were worth $6,549,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Fairfield Bush & CO. acquired a new position in shares of Vanguard Information Technology ETF during the 1st quarter worth approximately $84,000. AMI Investment Management Inc. boosted its stake in shares of Vanguard Information Technology ETF by 5.9% in the first quarter. AMI Investment Management Inc. now owns 47,612 shares of the exchange traded fund’s stock worth $19,829,000 after acquiring an additional 2,662 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Vanguard Information Technology ETF by 40.4% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 650 shares of the exchange traded fund’s stock worth $271,000 after purchasing an additional 187 shares in the last quarter. Prudential Financial Inc. lifted its holdings in Vanguard Information Technology ETF by 24.8% in the 1st quarter. Prudential Financial Inc. now owns 180,462 shares of the exchange traded fund’s stock valued at $75,159,000 after purchasing an additional 35,906 shares in the last quarter. Finally, Laurel Wealth Advisors Inc. boosted its stake in Vanguard Information Technology ETF by 5.9% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 5,085 shares of the exchange traded fund’s stock worth $2,118,000 after purchasing an additional 283 shares during the last quarter.

Vanguard Information Technology ETF Stock Performance

Shares of NYSEARCA VGT traded down $7.90 during mid-day trading on Friday, reaching $426.34. The company’s stock had a trading volume of 596,050 shares, compared to its average volume of 592,988. The stock has a market capitalization of $50.92 billion, a P/E ratio of 24.70 and a beta of 1.16. Vanguard Information Technology ETF has a 1-year low of $291.61 and a 1-year high of $462.97. The stock has a 50-day moving average of $438.53 and a two-hundred day moving average of $410.06.

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).