CIBC Private Wealth Group LLC Sells 1,936 Shares of Vanguard Information Technology ETF $VGT

CIBC Private Wealth Group LLC lowered its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 13.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,004 shares of the exchange traded fund’s stock after selling 1,936 shares during the period. CIBC Private Wealth Group LLC’s holdings in Vanguard Information Technology ETF were worth $9,709,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. boosted its holdings in Vanguard Information Technology ETF by 110.5% in the second quarter. China Universal Asset Management Co. Ltd. now owns 40 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 21 shares in the last quarter. First Command Advisory Services Inc. purchased a new position in shares of Vanguard Information Technology ETF in the 3rd quarter worth about $31,000. Semmax Financial Advisors Inc. purchased a new position in shares of Vanguard Information Technology ETF in the 2nd quarter worth about $31,000. Palisade Asset Management LLC bought a new position in Vanguard Information Technology ETF in the 3rd quarter worth about $34,000. Finally, Kilter Group LLC bought a new position in Vanguard Information Technology ETF in the 2nd quarter worth about $37,000.

Vanguard Information Technology ETF Stock Performance

Shares of VGT stock opened at $705.13 on Friday. The company has a market capitalization of $105.52 billion, a price-to-earnings ratio of 34.55 and a beta of 1.25. Vanguard Information Technology ETF has a one year low of $451.00 and a one year high of $806.99. The company’s 50-day moving average is $739.44 and its 200 day moving average is $747.52.

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). 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.