Collaborative Wealth Management Inc. recently made a notable adjustment to its investment portfolio, reducing its stake in the widely-followed Vanguard Information Technology ETF (VGT) during the first quarter.
This strategic move saw the firm divest 65 shares, leading to a 6.8% decrease in its holdings, as reported by HoldingsChannel.com. Post-sale, Collaborative Wealth Management Inc. now holds 885 shares of the exchange-traded fund, reflecting a recalibration of its investment strategy.
The remaining Vanguard Information Technology ETF holdings held by Collaborative Wealth Management Inc. were valued at an estimated $480,000 at the close of the most recent financial quarter, underscoring the significant capital managed by the firm within its stock market allocations.
Beyond Collaborative Wealth Management, several other substantial institutional investors have recently initiated or altered their positions in VGT. For instance, Cordant Inc., Smallwood Wealth Investment Management LLC, Atlantic Edge Private Wealth Management LLC, and MorganRosel Wealth Management LLC all acquired new positions in the first quarter, with investments ranging from $28,000 to $33,000.
Notably, Copia Wealth Management also established a new position in the fourth quarter, valuing their entry at $30,000, illustrating a broader trend of diverse firms adding Vanguard Information Technology ETF to their portfolios, highlighting its appeal among various wealth management entities.
The Vanguard Information Technology ETF opened at $694.45 on Thursday, showcasing its robust market presence. The fund’s performance indicators reveal a 50-day moving average of $649.45 and a 200-day moving average of $602.76, indicative of its upward trajectory.
With a substantial market capitalization of $98.92 billion, a P/E ratio of 34.55, and a beta of 1.16, VGT demonstrates its significant scale and market volatility relative to the broader stock market. The ETF has also observed a 12-month low of $451.00 and a 12-month high of $701.95, reflecting its trading range.
The primary objective of the Vanguard Information Technology ETF is to mirror the investment performance of the MSCI US Investable Market Information Technology 25/50 Index. This benchmark is composed of large-, mid-, and small-cap U.S. tech stocks within the information technology sector, categorized under the Global Industry Classification Standard (GICS), ensuring focused exposure to the technology sector.
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