Greenwood Gearhart LLC Reduces Position in Vanguard Information Technology ETF $VGT

Greenwood Gearhart LLC trimmed its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 45.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,447 shares of the exchange traded fund’s stock after selling 8,550 shares during the quarter. Greenwood Gearhart LLC’s holdings in Vanguard Information Technology ETF were worth $7,289,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of VGT. Focus Partners Wealth grew its stake in shares of Vanguard Information Technology ETF by 78.8% during the fourth quarter. Focus Partners Wealth now owns 1,297,055 shares of the exchange traded fund’s stock worth $977,603,000 after purchasing an additional 571,488 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Vanguard Information Technology ETF by 4.1% in the fourth quarter. JPMorgan Chase & Co. now owns 6,420,110 shares of the exchange traded fund’s stock valued at $4,839,352,000 after buying an additional 252,341 shares in the last quarter. Corient Private Wealth LLC raised its stake in Vanguard Information Technology ETF by 273.3% in the fourth quarter. Corient Private Wealth LLC now owns 314,346 shares of the exchange traded fund’s stock valued at $236,948,000 after buying an additional 230,130 shares in the last quarter. Align Financial LLC purchased a new stake in Vanguard Information Technology ETF during the 4th quarter worth about $165,907,000. Finally, Orion Porfolio Solutions LLC lifted its holdings in Vanguard Information Technology ETF by 2,925.1% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 152,433 shares of the exchange traded fund’s stock worth $101,106,000 after buying an additional 147,394 shares during the last quarter.

Vanguard Information Technology ETF Stock Performance

NYSEARCA:VGT opened at $113.10 on Monday. The stock has a 50-day simple moving average of $116.67 and a 200-day simple moving average of $102.08. The stock has a market cap of $138.65 billion, a P/E ratio of 34.55 and a beta of 1.34. Vanguard Information Technology ETF has a 1 year low of $83.09 and a 1 year high of $126.00.

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.