Comerica Bank Sells 5,581 Shares of Vanguard Information Technology ETF $VGT

Comerica Bank cut its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 7.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 72,454 shares of the exchange traded fund’s stock after selling 5,581 shares during the quarter. Comerica Bank’s holdings in Vanguard Information Technology ETF were worth $54,096,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in VGT. Uptick Partners LLC raised its position in Vanguard Information Technology ETF by 2.6% in the 3rd quarter. Uptick Partners LLC now owns 518 shares of the exchange traded fund’s stock worth $387,000 after purchasing an additional 13 shares during the period. 49 Wealth Management LLC lifted its stake in Vanguard Information Technology ETF by 3.7% in the third quarter. 49 Wealth Management LLC now owns 362 shares of the exchange traded fund’s stock worth $270,000 after purchasing an additional 13 shares during the last quarter. LongView Wealth Management boosted its position in Vanguard Information Technology ETF by 3.9% during the third quarter. LongView Wealth Management now owns 374 shares of the exchange traded fund’s stock valued at $279,000 after buying an additional 14 shares during the period. GAMMA Investing LLC boosted its position in Vanguard Information Technology ETF by 3.8% during the third quarter. GAMMA Investing LLC now owns 414 shares of the exchange traded fund’s stock valued at $309,000 after buying an additional 15 shares during the period. Finally, Lauer Wealth LLC grew its stake in shares of Vanguard Information Technology ETF by 3.4% during the third quarter. Lauer Wealth LLC now owns 462 shares of the exchange traded fund’s stock valued at $348,000 after buying an additional 15 shares during the last quarter.

Vanguard Information Technology ETF Trading Down 0.9%

VGT opened at $714.44 on Friday. The company has a market cap of $106.91 billion, a P/E ratio of 34.55 and a beta of 1.25. The business’s 50-day moving average price is $743.59 and its 200-day moving average price is $746.83. 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.