Flputnam Investment Management Co. Cuts Stock Holdings in Vanguard Information Technology ETF $VGT

Flputnam Investment Management Co. lowered its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 12.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,111 shares of the exchange traded fund’s stock after selling 1,643 shares during the period. Flputnam Investment Management Co.’s holdings in Vanguard Information Technology ETF were worth $8,296,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in VGT. China Universal Asset Management Co. Ltd. increased its holdings in shares of Vanguard Information Technology ETF by 110.5% in the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 40 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 21 shares in the last quarter. Semmax Financial Advisors Inc. purchased a new stake in shares of Vanguard Information Technology ETF during the second quarter valued at $31,000. Kilter Group LLC purchased a new stake in shares of Vanguard Information Technology ETF during the second quarter valued at $37,000. Sawyer & Company Inc bought a new stake in Vanguard Information Technology ETF in the 2nd quarter worth about $38,000. Finally, Rice Partnership LLC purchased a new position in Vanguard Information Technology ETF in the 2nd quarter worth about $40,000.

Vanguard Information Technology ETF Stock Performance

VGT opened at $755.54 on Monday. The company’s 50-day simple moving average is $760.05 and its two-hundred day simple moving average is $715.66. The stock has a market capitalization of $111.78 billion, a P/E ratio of 34.55 and a beta of 1.25. Vanguard Information Technology ETF has a 52-week low of $451.00 and a 52-week high of $806.99.

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). 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.