The Manufacturers Life Insurance Company Cuts Position in Vanguard Information Technology ETF $VGT

The Manufacturers Life Insurance Company trimmed its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 54.1% in the 1st quarter, HoldingsChannel reports. The fund owned 16,065 shares of the exchange traded fund’s stock after selling 18,946 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Vanguard Information Technology ETF were worth $11,209,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Quantinno Capital Management LP boosted its position in Vanguard Information Technology ETF by 19.6% during the first quarter. Quantinno Capital Management LP now owns 62,946 shares of the exchange traded fund’s stock valued at $43,919,000 after purchasing an additional 10,304 shares in the last quarter. Gateway Wealth Partners LLC lifted its position in shares of Vanguard Information Technology ETF by 148.5% during the first quarter. Gateway Wealth Partners LLC now owns 4,257 shares of the exchange traded fund’s stock valued at $2,970,000 after buying an additional 2,544 shares during the last quarter. Wealth Watch Advisors INC lifted its position in shares of Vanguard Information Technology ETF by 5.2% during the first quarter. Wealth Watch Advisors INC now owns 1,876 shares of the exchange traded fund’s stock valued at $1,309,000 after buying an additional 93 shares during the last quarter. Everest Financial Group LLC bought a new stake in shares of Vanguard Information Technology ETF in the 1st quarter valued at about $3,937,000. Finally, Matrix Private Capital Group LLC bought a new stake in shares of Vanguard Information Technology ETF in the 1st quarter valued at about $686,000.

Vanguard Information Technology ETF Stock Up 1.8%

Shares of Vanguard Information Technology ETF stock opened at $115.14 on Tuesday. The company has a market cap of $141.15 billion, a P/E ratio of 34.55 and a beta of 1.34. The firm’s 50 day moving average price is $116.56 and its 200-day moving average price is $103.49. Vanguard Information Technology ETF has a 52-week low of $83.09 and a 52-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.