Sharper & Granite LLC Sells 38,563 Shares of Vanguard Information Technology ETF $VGT

Sharper & Granite LLC lessened its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 86.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 5,861 shares of the exchange traded fund’s stock after selling 38,563 shares during the quarter. Sharper & Granite LLC’s holdings in Vanguard Information Technology ETF were worth $737,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in VGT. Northwestern Mutual Wealth Management Co. increased its position in Vanguard Information Technology ETF by 657.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,731,562 shares of the exchange traded fund’s stock worth $565,516,000 after buying an additional 4,107,038 shares during the period. HighTower Advisors LLC boosted its position in shares of Vanguard Information Technology ETF by 762.8% in the second quarter. HighTower Advisors LLC now owns 3,651,091 shares of the exchange traded fund’s stock valued at $436,378,000 after acquiring an additional 3,227,909 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Vanguard Information Technology ETF by 817.3% in the second quarter. Envestnet Asset Management Inc. now owns 3,330,327 shares of the exchange traded fund’s stock worth $398,041,000 after acquiring an additional 2,967,256 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Vanguard Information Technology ETF by 693.4% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,421,267 shares of the exchange traded fund’s stock worth $289,390,000 after acquiring an additional 2,116,095 shares during the last quarter. Finally, Nissay Asset Management Corp Japan grew its stake in shares of Vanguard Information Technology ETF by 700.0% in the second quarter. Nissay Asset Management Corp Japan now owns 1,637,816 shares of the exchange traded fund’s stock worth $195,752,000 after acquiring an additional 1,433,089 shares during the last quarter.

Vanguard Information Technology ETF Price Performance

VGT stock traded up $1.45 on Friday, reaching $108.51. 9,471,211 shares of the company were exchanged, compared to its average volume of 4,576,137. Vanguard Information Technology ETF has a 12 month low of $83.09 and a 12 month high of $130.66. The stock’s fifty day moving average price is $121.84 and its 200 day moving average price is $109.73. The firm has a market capitalization of $134.64 billion, a PE ratio of 34.55 and a beta of 1.36.

About Vanguard Information Technology ETF

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.