Proffitt & Goodson Inc. cut its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 23.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 17,914 shares of the exchange traded fund’s stock after selling 5,503 shares during the quarter. Vanguard Information Technology ETF comprises approximately 1.2% of Proffitt & Goodson Inc.’s investment portfolio, making the stock its 7th biggest position. Proffitt & Goodson Inc.’s holdings in Vanguard Information Technology ETF were worth $2,951,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Parsec Financial Management Inc. purchased a new position in shares of Vanguard Information Technology ETF during the 4th quarter worth about $1,061,000. MPS Loria Financial Planners LLC purchased a new position in shares of Vanguard Information Technology ETF during the 4th quarter worth about $206,000. Tower View Investment Management & Research LLC purchased a new position in shares of Vanguard Information Technology ETF during the 4th quarter worth about $115,000. Canal Capital Management LLC boosted its stake in shares of Vanguard Information Technology ETF by 2.7% during the 4th quarter. Canal Capital Management LLC now owns 24,761 shares of the exchange traded fund’s stock worth $4,079,000 after purchasing an additional 662 shares during the period. Finally, KLS Professional Advisors Group LLC purchased a new position in shares of Vanguard Information Technology ETF during the 4th quarter worth about $376,000.

Vanguard Information Technology ETF (NYSEARCA VGT) traded up $2.79 during mid-day trading on Friday, hitting $179.19. 408,979 shares of the company were exchanged, compared to its average volume of 592,666. Vanguard Information Technology ETF has a 52-week low of $126.06 and a 52-week high of $179.19. The stock has a market cap of $18,690.00 and a PE ratio of 7.17.

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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).

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

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