Diversify Advisory Services LLC Reduces Stake in Vanguard Information Technology ETF

Diversify Advisory Services LLC has decreased its position in the Vanguard Information Technology ETF (NYSEARCA:VGT) by 35.1% during the third quarter, as reported in their latest filing with the SEC. The company now holds 1,098 shares of the ETF after selling 595 shares in this period. As of this filing, Diversify Advisory Services LLC's investment in the Vanguard Information Technology ETF is valued at approximately $666,000.

In addition to Diversify Advisory Services, several other institutional investors have recently adjusted their holdings in Vanguard Information Technology ETF. For example, St. Johns Investment Management Company LLC took a new position worth $30,000 in the third quarter. Triad Wealth Partners LLC also made a new investment valued at $32,000 during the second quarter, while Bell Investment Advisors Inc. invested $33,000 in the same quarter. Halpern Financial Inc. and Family Firm Inc. added new stakes worth $33,000 and $35,000 respectively in the third quarter and second quarter.

Vanguard Information Technology ETF Stock Overview

The Vanguard Information Technology ETF opened at $602.14 recently. It has shown notable performance with a 50-day moving average of $580.37 and a 200-day moving average of $560.30. Over the past year, the ETF has reached a low of $401.89 and a high of $612.05. With a market capitalization of $75.82 billion, the ETF boasts a PE ratio of 36.30 and a beta of 1.41, indicating its volatility compared to the market.

Understanding Vanguard Information Technology ETF

The Vanguard Information Technology ETF aims to replicate the investment performance of the MSCI US Investable Market Information Technology 25/50 Index. This index includes a wide range of U.S. stocks from large-, mid-, and small-cap companies that fall within the information technology sector, as defined by the Global Industry Classification Standard (GICS).

Vanguard, ETFs, Investment