Vanguard Information Technology ETF $VGT Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 2.1% in the third quarter, Holdings Channel.com reports. The firm owned 314,165 shares of the exchange traded fund’s stock after selling 6,705 shares during the period. PNC Financial Services Group Inc.’s holdings in Vanguard Information Technology ETF were worth $234,565,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in VGT. China Universal Asset Management Co. Ltd. raised its holdings in 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 in the last quarter. First Command Advisory Services Inc. bought a new stake in shares of Vanguard Information Technology ETF in the 3rd quarter worth about $31,000. Semmax Financial Advisors Inc. acquired a new stake in shares of Vanguard Information Technology ETF in the 2nd quarter valued at about $31,000. Kilter Group LLC bought a new position in shares of Vanguard Information Technology ETF during the second quarter worth about $37,000. Finally, Evolution Wealth Management Inc. bought a new position in shares of Vanguard Information Technology ETF during the second quarter worth about $40,000.

Vanguard Information Technology ETF Trading Up 0.2%

Shares of NYSEARCA VGT opened at $730.80 on Friday. The company has a market capitalization of $109.36 billion, a price-to-earnings ratio of 34.55 and a beta of 1.25. Vanguard Information Technology ETF has a twelve month low of $451.00 and a twelve month high of $806.99. The business has a 50 day simple moving average of $754.81 and a 200-day simple moving average of $741.86.

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.