Latko Wealth Management Ltd. Reduces Stake in Vanguard Information Technology ETF $VGT

Latko Wealth Management Ltd. lessened its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 12.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,813 shares of the exchange traded fund’s stock after selling 695 shares during the quarter. Vanguard Information Technology ETF comprises 1.8% of Latko Wealth Management Ltd.’s portfolio, making the stock its 14th largest holding. Latko Wealth Management Ltd.’s holdings in Vanguard Information Technology ETF were worth $3,593,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of VGT. China Universal Asset Management Co. Ltd. boosted its position in shares of Vanguard Information Technology ETF by 110.5% in the second quarter. China Universal Asset Management Co. Ltd. now owns 40 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 21 shares during the period. First Command Advisory Services Inc. purchased a new stake in Vanguard Information Technology ETF in the 3rd quarter worth approximately $31,000. Semmax Financial Advisors Inc. purchased a new stake in Vanguard Information Technology ETF in the 2nd quarter worth approximately $31,000. Tripletail Wealth Management LLC bought a new position in Vanguard Information Technology ETF in the 3rd quarter valued at $40,000. Finally, Kilter Group LLC purchased a new position in shares of Vanguard Information Technology ETF during the 2nd quarter valued at $37,000.

Vanguard Information Technology ETF Stock Performance

Vanguard Information Technology ETF stock opened at $739.54 on Monday. The stock has a market cap of $110.66 billion, a P/E ratio of 34.55 and a beta of 1.25. Vanguard Information Technology ETF has a fifty-two week low of $451.00 and a fifty-two week high of $806.99. The firm’s fifty day moving average price is $756.74 and its 200-day moving average price is $740.42.

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). 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.