The Manufacturers Life Insurance Company Cuts Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

The Manufacturers Life Insurance Company cut its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 16.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 102,329 shares of the exchange traded fund’s stock after selling 19,463 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Vanguard Information Technology ETF were worth $59,002,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VGT. Aveo Capital Partners LLC increased its holdings in shares of Vanguard Information Technology ETF by 127.4% in the 4th quarter. Aveo Capital Partners LLC now owns 4,617 shares of the exchange traded fund’s stock valued at $2,235,000 after acquiring an additional 2,587 shares during the period. Scotia Capital Inc. grew its stake in Vanguard Information Technology ETF by 3.1% in the fourth quarter. Scotia Capital Inc. now owns 18,674 shares of the exchange traded fund’s stock valued at $9,038,000 after purchasing an additional 559 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in Vanguard Information Technology ETF by 38.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,200 shares of the exchange traded fund’s stock worth $581,000 after purchasing an additional 336 shares in the last quarter. Ratio Wealth Group lifted its position in shares of Vanguard Information Technology ETF by 3.6% during the fourth quarter. Ratio Wealth Group now owns 20,251 shares of the exchange traded fund’s stock valued at $9,801,000 after buying an additional 706 shares during the last quarter. Finally, Peapack Gladstone Financial Corp boosted its holdings in shares of Vanguard Information Technology ETF by 0.8% in the 4th quarter. Peapack Gladstone Financial Corp now owns 79,348 shares of the exchange traded fund’s stock valued at $38,404,000 after buying an additional 600 shares in the last quarter.

Vanguard Information Technology ETF Stock Down 0.7 %

Shares of Vanguard Information Technology ETF stock opened at $584.96 on Friday. Vanguard Information Technology ETF has a 52-week low of $397.76 and a 52-week high of $609.15. The firm’s 50 day moving average price is $561.42 and its 200-day moving average price is $548.35. The company has a market cap of $73.66 billion, a P/E ratio of 36.30 and a beta of 1.41.

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).