Commonwealth Equity Services LLC Reduces Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

Commonwealth Equity Services LLC lowered its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 2.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 220,099 shares of the exchange traded fund’s stock after selling 6,047 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.17% of Vanguard Information Technology ETF worth $129,092,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Wulff Hansen & CO. grew its stake in Vanguard Information Technology ETF by 56,640.2% during the second quarter. Wulff Hansen & CO. now owns 5,340,953 shares of the exchange traded fund’s stock valued at $3,079,540,000 after acquiring an additional 5,331,540 shares in the last quarter. Strategic Financial Concepts LLC grew its position in shares of Vanguard Information Technology ETF by 54,658.6% during the 2nd quarter. Strategic Financial Concepts LLC now owns 1,506,958 shares of the exchange traded fund’s stock valued at $868,897,000 after purchasing an additional 1,504,206 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Vanguard Information Technology ETF by 5.9% in the second quarter. LPL Financial LLC now owns 1,161,897 shares of the exchange traded fund’s stock worth $669,938,000 after purchasing an additional 64,672 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Vanguard Information Technology ETF by 3.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 506,703 shares of the exchange traded fund’s stock worth $292,185,000 after buying an additional 17,933 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Vanguard Information Technology ETF by 1.0% during the second quarter. Envestnet Asset Management Inc. now owns 501,842 shares of the exchange traded fund’s stock valued at $289,357,000 after buying an additional 4,910 shares during the period.

Vanguard Information Technology ETF Trading Up 0.3 %

Shares of NYSEARCA VGT traded up $2.07 during midday trading on Friday, hitting $603.56. 304,832 shares of the company’s stock were exchanged, compared to its average volume of 463,651. The business’s fifty day moving average price is $574.51 and its two-hundred day moving average price is $555.25. The company has a market cap of $76.00 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41. Vanguard Information Technology ETF has a 12-month low of $397.76 and a 12-month high of $610.06.

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).