Vanguard Information Technology ETF $VGT Stock: Winthrop Capital Management LLC Cuts Stake

Winthrop Capital Management LLC lessened its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 4.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 349,317 shares of the exchange traded fund’s stock after selling 16,398 shares during the period. Vanguard Information Technology ETF accounts for about 10.8% of Winthrop Capital Management LLC’s investment portfolio, making the stock its biggest holding. Winthrop Capital Management LLC’s holdings in Vanguard Information Technology ETF were worth $43,899,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bank of America Corp DE increased its position in Vanguard Information Technology ETF by 1.6% during the first quarter. Bank of America Corp DE now owns 15,105,780 shares of the exchange traded fund’s stock worth $10,539,605,000 after buying an additional 241,421 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Vanguard Information Technology ETF by 657.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,731,562 shares of the exchange traded fund’s stock valued at $565,516,000 after buying an additional 4,107,038 shares in the last quarter. Systematic Alpha Investments LLC raised its holdings in Vanguard Information Technology ETF by 700.0% during the first quarter. Systematic Alpha Investments LLC now owns 658,400 shares of the exchange traded fund’s stock valued at $459,379,000 after buying an additional 576,100 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Vanguard Information Technology ETF by 762.8% in the second quarter. HighTower Advisors LLC now owns 3,651,091 shares of the exchange traded fund’s stock worth $436,378,000 after buying an additional 3,227,909 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Vanguard Information Technology ETF by 817.3% in the second quarter. Envestnet Asset Management Inc. now owns 3,330,327 shares of the exchange traded fund’s stock worth $398,041,000 after buying an additional 2,967,256 shares during the last quarter.

Vanguard Information Technology ETF Stock Performance

VGT opened at $113.72 on Thursday. The company has a market cap of $141.11 billion, a PE ratio of 34.55 and a beta of 1.36. The stock has a 50-day moving average of $121.37 and a 200-day moving average of $110.00. Vanguard Information Technology ETF has a 52-week low of $83.09 and a 52-week high of $130.66.

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). This GICS sector is made up of companies in three areas: technology software and services, including companies that develop software in various fields (such as the Internet, applications, systems, databases, and/or home entertainment), and companies that provide information technology consulting and services, data processing, and outsourced services; technology hardware and equipment, including manufacturers and distributors of communications equipment, computers and peripherals and electronic equipment, and semiconductors and semiconductor equipment manufacturers.