Bank of America Corp DE Sells 549,221 Shares of Vanguard Information Technology ETF (NYSEARCA:VGT)

Bank of America Corp DE lowered its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 3.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,338,237 shares of the exchange traded fund’s stock after selling 549,221 shares during the quarter. Vanguard Information Technology ETF accounts for 0.8% of Bank of America Corp DE’s portfolio, making the stock its 18th biggest position. Bank of America Corp DE owned 0.12% of Vanguard Information Technology ETF worth $9,537,316,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Vanguard Information Technology ETF by 45.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 93 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 29 shares in the last quarter. Principal Securities Inc. grew its position in Vanguard Information Technology ETF by 20.4% in the 4th quarter. Principal Securities Inc. now owns 667 shares of the exchange traded fund’s stock worth $415,000 after purchasing an additional 113 shares in the last quarter. Carnegie Investment Counsel increased its stake in Vanguard Information Technology ETF by 5.4% in the 4th quarter. Carnegie Investment Counsel now owns 2,269 shares of the exchange traded fund’s stock valued at $1,411,000 after buying an additional 117 shares during the last quarter. Atlantic Family Wealth LLC bought a new position in shares of Vanguard Information Technology ETF during the 4th quarter worth approximately $4,181,000. Finally, Consolidated Portfolio Review Corp boosted its stake in shares of Vanguard Information Technology ETF by 7.4% in the 4th quarter. Consolidated Portfolio Review Corp now owns 2,558 shares of the exchange traded fund’s stock worth $1,591,000 after buying an additional 176 shares during the last quarter.

Vanguard Information Technology ETF Trading Up 1.5 %

Shares of VGT opened at $567.54 on Friday. The company has a market capitalization of $79.61 billion, a price-to-earnings ratio of 30.08 and a beta of 1.23. The stock has a 50 day moving average of $543.42 and a 200 day moving average of $595.31. Vanguard Information Technology ETF has a 12 month low of $451.00 and a 12 month high of $648.76.

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).