Global Wealth Management LLC Sells 564 Shares of Vanguard Information Technology ETF $VGT

Global Wealth Management LLC lessened its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 11.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,575 shares of the exchange traded fund’s stock after selling 564 shares during the quarter. Vanguard Information Technology ETF accounts for 1.7% of Global Wealth Management LLC’s investment portfolio, making the stock its 12th largest position. Global Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $3,067,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in Vanguard Information Technology ETF by 6.2% in the 1st quarter. JPMorgan Chase & Co. now owns 6,125,779 shares of the exchange traded fund’s stock valued at $3,322,550,000 after acquiring an additional 359,822 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in Vanguard Information Technology ETF in the 2nd quarter valued at about $773,405,000. Harel Insurance Investments & Financial Services Ltd. raised its stake in Vanguard Information Technology ETF by 7.7% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 726,684 shares of the exchange traded fund’s stock valued at $394,139,000 after acquiring an additional 51,893 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Vanguard Information Technology ETF by 8.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 623,405 shares of the exchange traded fund’s stock valued at $338,123,000 after acquiring an additional 50,870 shares during the period. Finally, Cetera Investment Advisers raised its stake in Vanguard Information Technology ETF by 15.8% in the 1st quarter. Cetera Investment Advisers now owns 261,864 shares of the exchange traded fund’s stock valued at $142,030,000 after acquiring an additional 35,751 shares during the period.

Vanguard Information Technology ETF Stock Performance

Shares of Vanguard Information Technology ETF stock opened at $739.06 on Thursday. Vanguard Information Technology ETF has a 52-week low of $451.00 and a 52-week high of $753.59. The stock’s 50-day simple moving average is $701.73 and its 200 day simple moving average is $626.76. The stock has a market capitalization of $104.91 billion, a P/E ratio of 34.55 and a beta of 1.16.

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).