Olistico Wealth LLC Cuts Stake in Vanguard Information Technology ETF $VGT

Olistico Wealth LLC trimmed its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 79.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,564 shares of the exchange traded fund’s stock after selling 452,950 shares during the quarter. Vanguard Information Technology ETF comprises 6.2% of Olistico Wealth LLC’s portfolio, making the stock its 4th largest holding. Olistico Wealth LLC’s holdings in Vanguard Information Technology ETF were worth $14,523,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in Vanguard Information Technology ETF by 1.6% in the 1st quarter. Bank of America Corp DE now owns 15,105,780 shares of the exchange traded fund’s stock valued at $10,539,605,000 after acquiring an additional 241,421 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Vanguard Information Technology ETF by 4.1% in the 4th quarter. JPMorgan Chase & Co. now owns 6,420,110 shares of the exchange traded fund’s stock worth $4,839,352,000 after purchasing an additional 252,341 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Vanguard Information Technology ETF by 657.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,731,562 shares of the exchange traded fund’s stock worth $565,516,000 after purchasing an additional 4,107,038 shares in the last quarter. HighTower Advisors LLC grew its position in Vanguard Information Technology ETF by 762.8% during the 2nd quarter. HighTower Advisors LLC now owns 3,651,091 shares of the exchange traded fund’s stock worth $436,378,000 after purchasing an additional 3,227,909 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Vanguard Information Technology ETF by 817.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,330,327 shares of the exchange traded fund’s stock valued at $398,041,000 after purchasing an additional 2,967,256 shares during the period.

Vanguard Information Technology ETF Stock Up 0.7%

Shares of VGT traded up $0.88 during mid-day trading on Monday, reaching $129.20. The company’s stock had a trading volume of 4,152,365 shares, compared to its average volume of 4,448,818. The company has a market cap of $158.26 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34. The business has a fifty day moving average of $120.38 and a 200 day moving average of $112.47. Vanguard Information Technology ETF has a 1 year low of $83.09 and a 1 year high of $129.50.

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.