NBT Bank N A NY Cuts Position in Vanguard Information Technology ETF $VGT

NBT Bank N A NY cut its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 72.8% in the third quarter, Holdings Channel reports. The institutional investor owned 1,227 shares of the exchange traded fund’s stock after selling 3,278 shares during the quarter. NBT Bank N A NY’s holdings in Vanguard Information Technology ETF were worth $916,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC grew its holdings in Vanguard Information Technology ETF by 210,235.8% during the second quarter. Laurel Wealth Advisors LLC now owns 1,487,074 shares of the exchange traded fund’s stock worth $986,346,000 after acquiring an additional 1,486,367 shares during the period. CHURCHILL MANAGEMENT Corp purchased a new position in Vanguard Information Technology ETF in the second quarter valued at about $454,530,000. PGIM Custom Harvest LLC lifted its position in shares of Vanguard Information Technology ETF by 48.7% during the 2nd quarter. PGIM Custom Harvest LLC now owns 781,415 shares of the exchange traded fund’s stock valued at $518,297,000 after acquiring an additional 255,787 shares during the period. Orion Porfolio Solutions LLC grew its holdings in shares of Vanguard Information Technology ETF by 2,925.1% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 152,433 shares of the exchange traded fund’s stock worth $101,106,000 after acquiring an additional 147,394 shares during the period. Finally, Beacon Capital Management Inc. increased its stake in Vanguard Information Technology ETF by 193.4% in the 2nd quarter. Beacon Capital Management Inc. now owns 193,722 shares of the exchange traded fund’s stock valued at $128,492,000 after purchasing an additional 127,702 shares in the last quarter.

Vanguard Information Technology ETF Price Performance

Shares of NYSEARCA VGT opened at $758.95 on Friday. The firm’s 50-day moving average is $756.30 and its two-hundred day moving average is $732.40. The company has a market capitalization of $113.57 billion, a PE ratio of 34.55 and a beta of 1.25. Vanguard Information Technology ETF has a 12-month low of $451.00 and a 12-month high of $806.99.

Vanguard Information Technology ETF Company 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.