PNC Financial Services Group Inc. Reduces Position in Vanguard Information Technology ETF $VGT

PNC Financial Services Group Inc. decreased its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 3.9% during the first quarter, HoldingsChannel reports. The firm owned 298,284 shares of the exchange traded fund’s stock after selling 12,234 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Vanguard Information Technology ETF were worth $208,119,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. McClarren Financial Advisors Inc. lifted its holdings in shares of Vanguard Information Technology ETF by 62.7% during the fourth quarter. McClarren Financial Advisors Inc. now owns 6,468 shares of the exchange traded fund’s stock worth $4,875,000 after purchasing an additional 2,492 shares during the period. Cypress Wealth Services LLC purchased a new stake in Vanguard Information Technology ETF in the fourth quarter valued at approximately $1,160,000. MOR Wealth Management LLC purchased a new stake in Vanguard Information Technology ETF in the fourth quarter valued at approximately $1,196,000. Tudor Investment Corp ET AL acquired a new position in Vanguard Information Technology ETF in the 3rd quarter worth approximately $4,504,000. Finally, CVA Family Office LLC increased its holdings in Vanguard Information Technology ETF by 16.1% in the 4th quarter. CVA Family Office LLC now owns 49,914 shares of the exchange traded fund’s stock worth $37,624,000 after buying an additional 6,937 shares during the period.

Vanguard Information Technology ETF Trading Down 0.3%

VGT opened at $115.62 on Thursday. Vanguard Information Technology ETF has a 12-month low of $83.09 and a 12-month high of $126.00. The firm has a market capitalization of $141.74 billion, a PE ratio of 34.55 and a beta of 1.34. The firm has a 50 day moving average of $116.78 and a two-hundred day moving average of $102.51.

About Vanguard Information Technology ETF

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.