Institute for Wealth Management LLC. Decreases Stock Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

Institute for Wealth Management LLC. trimmed its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 6.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,744 shares of the exchange traded fund’s stock after selling 189 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Vanguard Information Technology ETF were worth $1,328,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of VGT. Moneta Group Investment Advisors LLC lifted its stake in Vanguard Information Technology ETF by 73,743.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,635,747 shares of the exchange traded fund’s stock worth $1,800,114,000 after purchasing an additional 5,628,115 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Vanguard Information Technology ETF during the 4th quarter valued at approximately $692,917,000. Providence Capital Advisors LLC purchased a new stake in shares of Vanguard Information Technology ETF during the 1st quarter valued at approximately $283,000. Ameriprise Financial Inc. raised its position in shares of Vanguard Information Technology ETF by 14.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 682,089 shares of the exchange traded fund’s stock valued at $282,830,000 after buying an additional 85,685 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Vanguard Information Technology ETF by 20.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 468,994 shares of the exchange traded fund’s stock valued at $194,586,000 after buying an additional 80,145 shares during the period.

Vanguard Information Technology ETF Stock Performance

VGT stock opened at $479.88 on Friday. The firm has a market cap of $60.43 billion, a PE ratio of 37.45 and a beta of 1.37. The firm’s 50 day moving average price is $516.65 and its 200-day moving average price is $480.57. Vanguard Information Technology ETF has a one year low of $368.39 and a one year high of $536.63.

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).