Royal Bank of Canada Cuts Holdings in Vanguard Information Technology ETF $VGT

Royal Bank of Canada lowered its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 2.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 726,799 shares of the exchange traded fund’s stock after selling 20,116 shares during the period. Royal Bank of Canada owned about 0.48% of Vanguard Information Technology ETF worth $507,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Kingdom Financial Group LLC. purchased a new stake in shares of Vanguard Information Technology ETF during the 4th quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Vanguard Information Technology ETF in the fourth quarter valued at $30,000. Wells Financial Advisors INC purchased a new stake in Vanguard Information Technology ETF during the 4th quarter worth about $29,000. RHL Group LLC acquired a new position in shares of Vanguard Information Technology ETF during the 4th quarter worth about $31,000. Finally, Jessup Wealth Management Inc purchased a new position in shares of Vanguard Information Technology ETF in the 4th quarter valued at about $31,000.

Vanguard Information Technology ETF Stock Down 1.4%

VGT stock opened at $110.87 on Wednesday. The business has a 50 day moving average price of $116.76 and a 200 day moving average price of $103.00. The stock has a market cap of $135.92 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34. Vanguard Information Technology ETF has a fifty-two week low of $83.09 and a fifty-two week high of $126.00.

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.