Ameriprise Financial Inc. Reduces Position in Vanguard Information Technology ETF $VGT

Ameriprise Financial Inc. lessened its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 4.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 703,955 shares of the exchange traded fund’s stock after selling 31,244 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.48% of Vanguard Information Technology ETF worth $525,083,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake 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 valued at $4,107,085,000 after buying an additional 66,303 shares during the period. Jefferies Financial Group Inc. bought a new stake in Vanguard Information Technology ETF in the third quarter valued at $1,680,300,000. Laurel Wealth Advisors LLC boosted its holdings in Vanguard Information Technology ETF by 210,235.8% in the second 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 stake in shares of 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 valued at $557,140,000 after purchasing an additional 51,543 shares in the last quarter. Finally, PGIM Custom Harvest LLC increased its position in shares of Vanguard Information Technology ETF by 4.4% during the third quarter. PGIM Custom Harvest LLC now owns 815,540 shares of the exchange traded fund’s stock valued at $608,907,000 after buying an additional 34,125 shares during the period.

Vanguard Information Technology ETF Price Performance

VGT stock opened at $714.44 on Monday. Vanguard Information Technology ETF has a 1 year low of $451.00 and a 1 year high of $806.99. The firm has a 50-day moving average of $743.59 and a 200 day moving average of $747.51. The company has a market cap of $106.91 billion, a P/E ratio of 34.55 and a beta of 1.25.

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). 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.