Robertson Stephens Wealth Management LLC Sells 11,088 Shares of Vanguard Information Technology ETF $VGT

Robertson Stephens Wealth Management LLC decreased its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 5.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,090 shares of the exchange traded fund’s stock after selling 11,088 shares during the period. Vanguard Information Technology ETF comprises 0.6% of Robertson Stephens Wealth Management LLC’s investment portfolio, making the stock its 28th biggest position. Robertson Stephens Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $25,899,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Encompass More Asset Management acquired a new stake in Vanguard Information Technology ETF during the 3rd quarter worth approximately $250,000. Birch Hill Investment Advisors LLC increased its position in shares of Vanguard Information Technology ETF by 3.5% in the 3rd quarter. Birch Hill Investment Advisors LLC now owns 17,542 shares of the exchange traded fund’s stock valued at $2,205,000 after purchasing an additional 598 shares during the last quarter. Smith Asset Management Co. LLC increased its position in shares of Vanguard Information Technology ETF by 0.9% in the 3rd quarter. Smith Asset Management Co. LLC now owns 46,070 shares of the exchange traded fund’s stock valued at $5,790,000 after purchasing an additional 390 shares during the last quarter. Forum Financial Management LP raised its holdings in shares of Vanguard Information Technology ETF by 6.8% in the 3rd quarter. Forum Financial Management LP now owns 12,333 shares of the exchange traded fund’s stock valued at $1,550,000 after purchasing an additional 787 shares in the last quarter. Finally, Guardian Asset Advisors LLC raised its holdings in shares of Vanguard Information Technology ETF by 7.0% in the 3rd quarter. Guardian Asset Advisors LLC now owns 30,479 shares of the exchange traded fund’s stock valued at $3,831,000 after purchasing an additional 1,981 shares in the last quarter.

Vanguard Information Technology ETF Trading Down 2.9%

Shares of VGT opened at $118.83 on Friday. The firm has a market capitalization of $146.17 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34. The firm’s fifty day simple moving average is $122.50 and its 200-day simple moving average is $114.90. Vanguard Information Technology ETF has a twelve month low of $83.09 and a twelve month high of $130.66.

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.