Schrum Private Wealth Management LLC Decreases Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

Schrum Private Wealth Management LLC reduced its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 34.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,176 shares of the exchange traded fund’s stock after selling 1,652 shares during the period. Vanguard Information Technology ETF makes up about 1.7% of Schrum Private Wealth Management LLC’s investment portfolio, making the stock its 13th biggest holding. Schrum Private Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $1,974,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of VGT. JPMorgan Chase & Co. grew its position in Vanguard Information Technology ETF by 10.0% in the third quarter. JPMorgan Chase & Co. now owns 5,494,335 shares of the exchange traded fund’s stock valued at $3,222,539,000 after acquiring an additional 501,703 shares in the last quarter. Strategic Financial Concepts LLC lifted its holdings in Vanguard Information Technology ETF by 39,912.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,232,769 shares of the exchange traded fund’s stock worth $766,536,000 after buying an additional 1,229,688 shares in the last quarter. LPL Financial LLC boosted its holdings in Vanguard Information Technology ETF by 2.3% in the third quarter. LPL Financial LLC now owns 1,188,742 shares of the exchange traded fund’s stock valued at $697,221,000 after purchasing an additional 26,845 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Vanguard Information Technology ETF during the fourth quarter worth approximately $494,903,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Vanguard Information Technology ETF by 311.5% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 674,791 shares of the exchange traded fund’s stock worth $419,585,000 after purchasing an additional 510,798 shares during the last quarter.

Vanguard Information Technology ETF Stock Up 1.5 %

Shares of Vanguard Information Technology ETF stock opened at $586.92 on Thursday. The firm has a market cap of $81.48 billion, a P/E ratio of 36.18 and a beta of 1.16. The business has a 50-day moving average price of $622.48 and a 200 day moving average price of $607.16. Vanguard Information Technology ETF has a fifty-two week low of $478.25 and a fifty-two week high of $648.76.

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).