Fifth Third Bancorp cut its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT – Free Report) by 5.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 913,444 shares of the exchange traded fund’s stock after selling 55,705 shares during the quarter. Fifth Third Bancorp’s holdings in Vanguard Information Technology ETF were worth $114,792,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the business. HighTower Advisors LLC grew its stake in Vanguard Information Technology ETF by 762.8% during the second quarter. HighTower Advisors LLC now owns 3,651,091 shares of the exchange traded fund’s stock worth $436,378,000 after buying an additional 3,227,909 shares in the last quarter. Florida Trust Wealth Management Co increased its holdings in Vanguard Information Technology ETF by 725.8% in the 2nd quarter. Florida Trust Wealth Management Co now owns 21,736 shares of the exchange traded fund’s stock valued at $2,598,000 after buying an additional 19,104 shares during the period. First Merchants Corp raised its position in shares of Vanguard Information Technology ETF by 744.7% in the 2nd quarter. First Merchants Corp now owns 331,585 shares of the exchange traded fund’s stock valued at $39,631,000 after buying an additional 292,331 shares in the last quarter. Innovative Wealth Building LLC raised its position in shares of Vanguard Information Technology ETF by 748.5% in the 2nd quarter. Innovative Wealth Building LLC now owns 58,592 shares of the exchange traded fund’s stock valued at $7,003,000 after buying an additional 51,687 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in shares of Vanguard Information Technology ETF by 508.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 66,744 shares of the exchange traded fund’s stock valued at $7,977,000 after buying an additional 55,767 shares in the last quarter.
Vanguard Information Technology ETF Trading Up 2.9%
Shares of Vanguard Information Technology ETF stock opened at $113.72 on Thursday. The company has a 50 day moving average of $121.37 and a 200-day moving average of $110.00. Vanguard Information Technology ETF has a 1-year low of $83.09 and a 1-year high of $130.66. The company has a market cap of $141.11 billion, a PE ratio of 34.55 and a beta of 1.36.
Vanguard Information Technology ETF 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.
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