Patton Albertson Miller Group LLC Sells 703 Shares of Vanguard Information Technology ETF $VGT

Patton Albertson Miller Group LLC cut its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 4.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,817 shares of the exchange traded fund’s stock after selling 703 shares during the period. Vanguard Information Technology ETF accounts for about 1.3% of Patton Albertson Miller Group LLC’s investment portfolio, making the stock its 18th biggest position. Patton Albertson Miller Group LLC’s holdings in Vanguard Information Technology ETF were worth $11,063,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in VGT. China Universal Asset Management Co. Ltd. raised its stake in shares of Vanguard Information Technology ETF by 110.5% in the second quarter. China Universal Asset Management Co. Ltd. now owns 40 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 21 shares during the last quarter. First Command Advisory Services Inc. acquired a new stake in Vanguard Information Technology ETF during the 3rd quarter valued at $31,000. Semmax Financial Advisors Inc. acquired a new stake in Vanguard Information Technology ETF during the 2nd quarter valued at $31,000. Kilter Group LLC bought a new position in Vanguard Information Technology ETF in the 2nd quarter valued at $37,000. Finally, Rice Partnership LLC acquired a new position in Vanguard Information Technology ETF in the second quarter worth $40,000.

Vanguard Information Technology ETF Stock Performance

Shares of VGT stock opened at $760.80 on Friday. Vanguard Information Technology ETF has a 52 week low of $451.00 and a 52 week high of $806.99. The stock has a market capitalization of $113.85 billion, a PE ratio of 34.55 and a beta of 1.25. The stock’s fifty day moving average is $757.42 and its 200-day moving average is $737.37.

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.