Vanguard Information Technology ETF $VGT Stock: Convergence Financial LLC Cuts Position

Convergence Financial LLC trimmed its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 49.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 10,136 shares of the exchange traded fund’s stock after selling 9,936 shares during the quarter. Convergence Financial LLC’s holdings in Vanguard Information Technology ETF were worth $1,274,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its stake 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. lifted its position in shares of Vanguard Information Technology ETF by 657.6% during the second 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 buying an additional 4,107,038 shares during the last quarter. Systematic Alpha Investments LLC lifted its position in shares of Vanguard Information Technology ETF by 700.0% during the first quarter. Systematic Alpha Investments LLC now owns 658,400 shares of the exchange traded fund’s stock valued at $459,379,000 after buying an additional 576,100 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Vanguard Information Technology ETF by 762.8% in 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 buying an additional 3,227,909 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings 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 buying an additional 2,967,256 shares in the last quarter.

Vanguard Information Technology ETF Stock Up 0.7%

Shares of Vanguard Information Technology ETF stock opened at $123.59 on Thursday. The firm’s 50 day moving average price is $122.44 and its 200-day moving average price is $109.05. Vanguard Information Technology ETF has a 52-week low of $83.09 and a 52-week high of $130.66. The company has a market cap of $152.02 billion, a P/E ratio of 34.55 and a beta of 1.34.

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.