Cardinal Point Capital Management ULC Sells 707 Shares of Vanguard Information Technology ETF $VGT

Cardinal Point Capital Management ULC decreased its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 10.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,197 shares of the exchange traded fund’s stock after selling 707 shares during the quarter. Cardinal Point Capital Management ULC’s holdings in Vanguard Information Technology ETF were worth $4,681,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of VGT. Endowment Wealth Management Inc. acquired a new stake in shares of Vanguard Information Technology ETF in the second quarter valued at approximately $289,000. AMI Investment Management Inc. boosted its position in Vanguard Information Technology ETF by 4.2% in the 3rd quarter. AMI Investment Management Inc. now owns 67,199 shares of the exchange traded fund’s stock valued at $50,173,000 after buying an additional 2,726 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Vanguard Information Technology ETF by 98.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,326 shares of the exchange traded fund’s stock valued at $4,723,000 after buying an additional 3,138 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Vanguard Information Technology ETF by 2.8% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 739,730 shares of the exchange traded fund’s stock valued at $552,305,000 after buying an additional 20,182 shares during the period. Finally, Asset Planning Services Inc. LA ADV bought a new stake in shares of Vanguard Information Technology ETF during the third quarter worth $615,000.

Vanguard Information Technology ETF Stock Up 4.4%

Shares of VGT opened at $739.54 on Monday. The stock’s fifty day simple moving average is $756.74 and its 200-day simple moving average is $740.42. The firm has a market capitalization of $110.66 billion, a PE ratio of 34.55 and a beta of 1.25. Vanguard Information Technology ETF has a 12-month low of $451.00 and a 12-month high of $806.99.

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.