Vanguard Information Technology ETF $VGT Stock: Robertson Stephens Wealth Management LLC Cuts Holdings

Robertson Stephens Wealth Management LLC reduced its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 5.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 206,090 shares of the exchange traded fund’s stock after selling 11,088 shares during the quarter. Vanguard Information Technology ETF comprises about 0.6% of Robertson Stephens Wealth Management LLC’s portfolio, making the stock its 28th largest holding. Robertson Stephens Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $25,899,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. HighTower Advisors LLC grew its holdings in shares of Vanguard Information Technology ETF by 762.8% in the second quarter. HighTower Advisors LLC now owns 3,651,091 shares of the exchange traded fund’s stock valued at $436,378,000 after purchasing an additional 3,227,909 shares during the period. Florida Trust Wealth Management Co increased its position in Vanguard Information Technology ETF by 725.8% during the second quarter. Florida Trust Wealth Management Co now owns 21,736 shares of the exchange traded fund’s stock worth $2,598,000 after purchasing an additional 19,104 shares during the last quarter. First Merchants Corp increased its position in Vanguard Information Technology ETF by 744.7% during the second quarter. First Merchants Corp now owns 331,585 shares of the exchange traded fund’s stock worth $39,631,000 after purchasing an additional 292,331 shares during the last quarter. Innovative Wealth Building LLC raised its stake in Vanguard Information Technology ETF by 748.5% during the second quarter. Innovative Wealth Building LLC now owns 58,592 shares of the exchange traded fund’s stock worth $7,003,000 after purchasing an additional 51,687 shares during the period. Finally, Polaris Financial Partners purchased a new position in Vanguard Information Technology ETF during the third quarter worth about $4,014,000.

Vanguard Information Technology ETF Price Performance

NYSEARCA:VGT opened at $118.83 on Friday. The firm has a market capitalization of $146.17 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34. The company’s 50-day moving average is $122.50 and its two-hundred day moving average is $114.90. Vanguard Information Technology ETF has a 1-year low of $83.09 and a 1-year high of $130.66.

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.