Vanguard Information Technology ETF $VGT Shares Sold by Vermillion Wealth Management Inc.

Vermillion Wealth Management Inc. cut its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 7.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 13,933 shares of the exchange traded fund’s stock after selling 1,095 shares during the period. Vanguard Information Technology ETF accounts for 2.8% of Vermillion Wealth Management Inc.’s holdings, making the stock its 6th biggest holding. Vermillion Wealth Management Inc.’s holdings in Vanguard Information Technology ETF were worth $10,402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC lifted its holdings in Vanguard Information Technology ETF by 210,235.8% in the second quarter. Laurel Wealth Advisors LLC now owns 1,487,074 shares of the exchange traded fund’s stock worth $986,346,000 after purchasing an additional 1,486,367 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in shares of Vanguard Information Technology ETF during the 2nd quarter worth $773,405,000. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Vanguard Information Technology ETF during the second quarter worth $454,530,000. PGIM Custom Harvest LLC boosted its position in shares of Vanguard Information Technology ETF by 48.7% in the 2nd quarter. PGIM Custom Harvest LLC now owns 781,415 shares of the exchange traded fund’s stock valued at $518,297,000 after purchasing an additional 255,787 shares during the period. Finally, Orion Porfolio Solutions LLC increased its stake in Vanguard Information Technology ETF by 2,925.1% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 152,433 shares of the exchange traded fund’s stock worth $101,106,000 after purchasing an additional 147,394 shares in the last quarter.

Vanguard Information Technology ETF Price Performance

Shares of VGT opened at $754.81 on Friday. Vanguard Information Technology ETF has a one year low of $451.00 and a one year high of $806.99. The company has a 50-day moving average of $758.29 and a two-hundred day moving average of $727.32. The stock has a market cap of $112.95 billion, a price-to-earnings ratio of 34.55 and a beta of 1.25.

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.