Monterey Private Wealth Inc. Trims Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

Monterey Private Wealth Inc. reduced its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 6.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 393 shares of the exchange traded fund’s stock after selling 25 shares during the quarter. Monterey Private Wealth Inc.’s holdings in Vanguard Information Technology ETF were worth $244,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of Vanguard Information Technology ETF by 10.0% in the third quarter. JPMorgan Chase & Co. now owns 5,494,335 shares of the exchange traded fund’s stock worth $3,222,539,000 after purchasing an additional 501,703 shares during the period. LPL Financial LLC lifted its stake in shares of Vanguard Information Technology ETF by 2.3% during the 3rd quarter. LPL Financial LLC now owns 1,188,742 shares of the exchange traded fund’s stock valued at $697,221,000 after buying an additional 26,845 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Vanguard Information Technology ETF by 3.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 506,703 shares of the exchange traded fund’s stock worth $292,185,000 after buying an additional 17,933 shares during the period. Stifel Financial Corp increased its stake in Vanguard Information Technology ETF by 4.2% in the 3rd quarter. Stifel Financial Corp now owns 390,136 shares of the exchange traded fund’s stock worth $228,842,000 after buying an additional 15,742 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in Vanguard Information Technology ETF by 1.1% during the third quarter. HighTower Advisors LLC now owns 332,140 shares of the exchange traded fund’s stock valued at $194,842,000 after acquiring an additional 3,774 shares during the period.

Vanguard Information Technology ETF Stock Up 1.5 %

Shares of Vanguard Information Technology ETF stock opened at $627.47 on Tuesday. Vanguard Information Technology ETF has a 52 week low of $478.25 and a 52 week high of $648.66. The stock’s 50-day simple moving average is $627.27 and its 200-day simple moving average is $595.15. The company has a market capitalization of $79.01 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41.

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).