Vanguard Information Technology ETF (NYSEARCA:VGT) Stake Cut by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC cut its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 0.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,741 shares of the exchange traded fund’s stock after selling 27 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $2,326,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in shares of Vanguard Information Technology ETF by 10.0% during the third quarter. JPMorgan Chase & Co. now owns 5,494,335 shares of the exchange traded fund’s stock worth $3,222,539,000 after purchasing an additional 501,703 shares during the period. LPL Financial LLC boosted its stake in shares of Vanguard Information Technology ETF by 2.3% during the 3rd quarter. LPL Financial LLC now owns 1,188,742 shares of the exchange traded fund’s stock valued at $697,221,000 after buying an additional 26,845 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Vanguard Information Technology ETF by 3.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 506,703 shares of the exchange traded fund’s stock valued at $292,185,000 after acquiring an additional 17,933 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Vanguard Information Technology ETF by 4.2% during the 3rd quarter. Stifel Financial Corp now owns 390,136 shares of the exchange traded fund’s stock valued at $228,842,000 after acquiring an additional 15,742 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of Vanguard Information Technology ETF by 1.1% in the third quarter. HighTower Advisors LLC now owns 332,140 shares of the exchange traded fund’s stock worth $194,842,000 after acquiring an additional 3,774 shares during the last quarter.

Vanguard Information Technology ETF Trading Up 0.2 %

VGT opened at $646.34 on Friday. The stock has a fifty day moving average price of $627.96 and a 200 day moving average price of $595.76. Vanguard Information Technology ETF has a 1 year low of $478.25 and a 1 year high of $648.66. The stock has a market cap of $81.39 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41.

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).