Alpha Cubed Investments LLC Cuts Holdings in Vanguard Information Technology ETF $VGT

Alpha Cubed Investments LLC reduced its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 12.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,068 shares of the exchange traded fund’s stock after selling 154 shares during the period. Alpha Cubed Investments LLC’s holdings in Vanguard Information Technology ETF were worth $708,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in shares of Vanguard Information Technology ETF by 6.2% during the 1st quarter. JPMorgan Chase & Co. now owns 6,125,779 shares of the exchange traded fund’s stock valued at $3,322,550,000 after buying an additional 359,822 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in Vanguard Information Technology ETF in the second quarter worth approximately $773,405,000. CHURCHILL MANAGEMENT Corp bought a new position in Vanguard Information Technology ETF during the second quarter valued at approximately $454,530,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Vanguard Information Technology ETF by 8.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 623,405 shares of the exchange traded fund’s stock worth $338,123,000 after acquiring an additional 50,870 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Vanguard Information Technology ETF by 15.8% in the 1st quarter. Cetera Investment Advisers now owns 261,864 shares of the exchange traded fund’s stock worth $142,030,000 after acquiring an additional 35,751 shares during the last quarter.

Vanguard Information Technology ETF Stock Up 2.5%

Shares of NYSEARCA:VGT opened at $780.37 on Tuesday. The stock has a market cap of $115.46 billion, a PE ratio of 34.55 and a beta of 1.25. The company’s fifty day moving average is $748.81 and its 200 day moving average is $682.56. Vanguard Information Technology ETF has a 52 week low of $451.00 and a 52 week high of $806.99.

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).