Charles Schwab Investment Management Inc. Sells 443 Shares of Vanguard Information Technology ETF (NYSEARCA:VGT)

Charles Schwab Investment Management Inc. cut its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 6.7% in the third quarter, HoldingsChannel.com reports. The fund owned 6,122 shares of the exchange traded fund’s stock after selling 443 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Vanguard Information Technology ETF were worth $3,591,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Asset Dedication LLC grew its stake in Vanguard Information Technology ETF by 187.0% in the second quarter. Asset Dedication LLC now owns 155 shares of the exchange traded fund’s stock valued at $89,000 after acquiring an additional 101 shares during the period. Elevation Capital Advisory LLC bought a new position in shares of Vanguard Information Technology ETF during the 2nd quarter valued at about $1,983,000. Wulff Hansen & CO. grew its position in shares of Vanguard Information Technology ETF by 56,640.2% in the 2nd quarter. Wulff Hansen & CO. now owns 5,340,953 shares of the exchange traded fund’s stock valued at $3,079,540,000 after purchasing an additional 5,331,540 shares during the period. Northstar Group Inc. increased its stake in Vanguard Information Technology ETF by 3.9% during the 3rd quarter. Northstar Group Inc. now owns 670 shares of the exchange traded fund’s stock worth $393,000 after purchasing an additional 25 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Vanguard Information Technology ETF by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 5,637 shares of the exchange traded fund’s stock worth $2,956,000 after buying an additional 179 shares during the period.

Vanguard Information Technology ETF Stock Performance

Shares of VGT opened at $640.43 on Friday. The firm’s 50 day moving average price is $613.05 and its two-hundred day moving average price is $583.87. Vanguard Information Technology ETF has a twelve month low of $460.48 and a twelve month high of $646.49. The firm has a market cap of $80.64 billion, a P/E 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).