Vanguard Information Technology ETF $VGT Shares Sold by Winthrop Capital Management LLC

Winthrop Capital Management LLC trimmed its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 4.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 349,317 shares of the exchange traded fund’s stock after selling 16,398 shares during the period. Vanguard Information Technology ETF makes up about 10.8% of Winthrop Capital Management LLC’s holdings, making the stock its largest holding. Winthrop Capital Management LLC’s holdings in Vanguard Information Technology ETF were worth $43,899,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its stake in Vanguard Information Technology ETF by 657.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,731,562 shares of the exchange traded fund’s stock valued at $565,516,000 after buying an additional 4,107,038 shares during the last quarter. HighTower Advisors LLC raised its holdings in Vanguard Information Technology ETF by 762.8% in the 2nd quarter. HighTower Advisors LLC now owns 3,651,091 shares of the exchange traded fund’s stock worth $436,378,000 after acquiring an additional 3,227,909 shares during the period. Envestnet Asset Management Inc. raised its holdings in Vanguard Information Technology ETF by 817.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,330,327 shares of the exchange traded fund’s stock worth $398,041,000 after acquiring an additional 2,967,256 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its position in Vanguard Information Technology ETF by 693.4% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,421,267 shares of the exchange traded fund’s stock worth $289,390,000 after acquiring an additional 2,116,095 shares during the last quarter. Finally, Nissay Asset Management Corp Japan lifted its position in Vanguard Information Technology ETF by 700.0% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 1,637,816 shares of the exchange traded fund’s stock worth $195,752,000 after acquiring an additional 1,433,089 shares during the last quarter.

Vanguard Information Technology ETF Price Performance

VGT stock opened at $113.72 on Thursday. Vanguard Information Technology ETF has a 52-week low of $83.09 and a 52-week high of $130.66. The company has a 50-day moving average of $121.37 and a two-hundred day moving average of $110.00. The stock has a market capitalization of $141.11 billion, a price-to-earnings ratio of 34.55 and a beta of 1.36.

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). 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.