Principle Wealth Partners LLC Trims Stock Holdings in Vanguard Information Technology ETF $VGT

Principle Wealth Partners LLC trimmed its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 1.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,468 shares of the exchange traded fund’s stock after selling 293 shares during the period. Principle Wealth Partners LLC’s holdings in Vanguard Information Technology ETF were worth $11,586,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of Vanguard Information Technology ETF by 6.2% in the first quarter. JPMorgan Chase & Co. now owns 6,125,779 shares of the exchange traded fund’s stock worth $3,322,550,000 after acquiring an additional 359,822 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Vanguard Information Technology ETF in the second quarter worth $773,405,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Vanguard Information Technology ETF by 7.7% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 726,684 shares of the exchange traded fund’s stock worth $394,139,000 after acquiring an additional 51,893 shares during the last quarter. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Vanguard Information Technology ETF in the second quarter worth $454,530,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Vanguard Information Technology ETF by 8.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 623,405 shares of the exchange traded fund’s stock worth $338,123,000 after acquiring an additional 50,870 shares during the last quarter.

Vanguard Information Technology ETF Trading Down 1.2%

NYSEARCA VGT opened at $752.41 on Thursday. Vanguard Information Technology ETF has a 12 month low of $451.00 and a 12 month high of $771.58. The stock has a market cap of $111.32 billion, a P/E ratio of 34.55 and a beta of 1.16. The stock’s fifty day moving average price is $726.57 and its 200-day moving average price is $654.52.

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).