Vanguard Information Technology ETF $VGT Stock Sold by SVB Wealth LLC

SVB Wealth LLC trimmed its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 72.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,784 shares of the exchange traded fund’s stock after selling 7,456 shares during the quarter. SVB Wealth LLC’s holdings in Vanguard Information Technology ETF were worth $350,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Vestor Capital LLC bought a new position in shares of Vanguard Information Technology ETF in the first quarter valued at approximately $70,000. Robinswood Financial LLC acquired a new position in shares of Vanguard Information Technology ETF during the first quarter valued at approximately $80,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Vanguard Information Technology ETF by 497.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 233 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 194 shares in the last quarter. Kings Path Partners LLC bought a new stake in Vanguard Information Technology ETF during the third quarter worth approximately $34,000. Finally, MADDEN SECURITIES Corp bought a new stake in Vanguard Information Technology ETF during the third quarter worth approximately $36,000.

Vanguard Information Technology ETF Stock Down 1.7%

VGT traded down $1.91 during trading on Friday, reaching $111.18. The stock had a trading volume of 5,716,652 shares, compared to its average volume of 4,602,368. The firm has a market capitalization of $137.96 billion, a price-to-earnings ratio of 27.34 and a beta of 1.36. Vanguard Information Technology ETF has a 1-year low of $83.09 and a 1-year high of $130.66. The stock has a 50 day moving average of $121.06 and a two-hundred day moving average of $110.16.

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.