Cornerstone Advisors Asset Management LLC Reduces Stock Position in Vanguard Information Technology ETF $VGT

Cornerstone Advisors Asset Management LLC lowered its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 10.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,493 shares of the exchange traded fund’s stock after selling 1,392 shares during the period. Vanguard Information Technology ETF accounts for 1.6% of Cornerstone Advisors Asset Management LLC’s investment portfolio, making the stock its 16th largest position. Cornerstone Advisors Asset Management LLC’s holdings in Vanguard Information Technology ETF were worth $9,328,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. boosted its position in shares of Vanguard Information Technology ETF by 110.5% during the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 40 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 21 shares during the last quarter. Semmax Financial Advisors Inc. acquired a new stake in Vanguard Information Technology ETF during the second quarter worth about $31,000. First Command Advisory Services Inc. purchased a new position in Vanguard Information Technology ETF during the third quarter worth about $31,000. Kilter Group LLC acquired a new position in Vanguard Information Technology ETF in the 2nd quarter valued at about $37,000. Finally, Rice Partnership LLC purchased a new stake in shares of Vanguard Information Technology ETF in the 2nd quarter valued at approximately $40,000.

Vanguard Information Technology ETF Price Performance

Shares of NYSEARCA VGT opened at $753.05 on Tuesday. The company has a market capitalization of $112.69 billion, a P/E ratio of 34.55 and a beta of 1.25. The company has a 50 day simple moving average of $758.32 and a 200-day simple moving average of $739.23. Vanguard Information Technology ETF has a 1 year low of $451.00 and a 1 year high of $806.99.

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). 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.