Bailard Inc. Cuts Stock Position in Vanguard Information Technology ETF $VGT

Bailard Inc. trimmed its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 2.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 113,704 shares of the exchange traded fund’s stock after selling 2,348 shares during the period. Vanguard Information Technology ETF accounts for approximately 1.8% of Bailard Inc.’s holdings, making the stock its 9th biggest position. Bailard Inc. owned approximately 0.08% of Vanguard Information Technology ETF worth $84,895,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of Vanguard Information Technology ETF by 1.1% during the second quarter. JPMorgan Chase & Co. now owns 6,192,082 shares of the exchange traded fund’s stock worth $4,107,085,000 after buying an additional 66,303 shares during the period. Laurel Wealth Advisors LLC raised its stake in Vanguard Information Technology ETF by 210,235.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,487,074 shares of the exchange traded fund’s stock valued at $986,346,000 after acquiring an additional 1,486,367 shares in the last quarter. Raymond James Financial Inc. boosted its position in Vanguard Information Technology ETF by 6.5% during the 2nd quarter. Raymond James Financial Inc. now owns 839,978 shares of the exchange traded fund’s stock worth $557,140,000 after acquiring an additional 51,543 shares during the period. PGIM Custom Harvest LLC boosted its position in Vanguard Information Technology ETF by 48.7% during the 2nd quarter. PGIM Custom Harvest LLC now owns 781,415 shares of the exchange traded fund’s stock worth $518,297,000 after acquiring an additional 255,787 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Vanguard Information Technology ETF by 2.8% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 739,730 shares of the exchange traded fund’s stock worth $552,305,000 after purchasing an additional 20,182 shares in the last quarter.

Vanguard Information Technology ETF Stock Down 2.7%

Shares of NYSEARCA VGT opened at $738.69 on Wednesday. The stock has a market cap of $110.54 billion, a P/E ratio of 34.55 and a beta of 1.25. The firm’s 50-day simple moving average is $755.18 and its 200 day simple moving average is $733.93. Vanguard Information Technology ETF has a fifty-two week low of $451.00 and a fifty-two 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.