Vanguard Information Technology ETF $VGT Stock Sold by Triangle Securities Wealth Management

Triangle Securities Wealth Management cut its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 2.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 152,375 shares of the exchange traded fund’s stock after selling 4,288 shares during the period. Vanguard Information Technology ETF comprises about 3.7% of Triangle Securities Wealth Management’s investment portfolio, making the stock its 3rd biggest holding. Triangle Securities Wealth Management’s holdings in Vanguard Information Technology ETF were worth $19,149,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of VGT. Bank of America Corp DE boosted its holdings in Vanguard Information Technology ETF by 1.6% in the first 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 purchasing an additional 241,421 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake 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 valued at $565,516,000 after purchasing an additional 4,107,038 shares in the last quarter. HighTower Advisors LLC grew its stake 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 valued at $436,378,000 after purchasing an additional 3,227,909 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Vanguard Information Technology ETF by 817.3% in 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 in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Vanguard Information Technology ETF by 693.4% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,421,267 shares of the exchange traded fund’s stock valued at $289,390,000 after buying an additional 2,116,095 shares during the last quarter.

Vanguard Information Technology ETF Trading Down 2.9%

Shares of NYSEARCA:VGT opened at $122.85 on Thursday. The company has a fifty day simple moving average of $122.50 and a 200 day simple moving average of $114.61. The firm has a market cap of $151.11 billion, a PE ratio of 34.55 and a beta of 1.34. Vanguard Information Technology ETF has a 12-month low of $83.09 and a 12-month high of $130.66.

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.