CX Institutional has significantly reduced its holdings in the Vanguard Information Technology ETF (NYSEARCA: VGT), cutting its stake by 67.3% during the third quarter of 2023. This reduction means the fund now owns 388 shares of the exchange-traded fund, having sold 799 shares in the recent period. As of its latest filing with the Securities and Exchange Commission, CX Institutional’s investment in VGT is valued at approximately $290,000.
Several other institutional investors have also altered their positions in the Vanguard Information Technology ETF. For instance, Brighton Jones LLC increased its stake by 34.9% during the fourth quarter, acquiring an additional 598 shares. This brings their total to 2,313 shares, valued at around $1,438,000.
Another notable change came from AQR Capital Management LLC, which boosted its holdings by 80.9% in the first quarter. After acquiring an additional 1,854 shares, AQR now holds 4,147 shares, worth approximately $2,249,000. Meanwhile, Goldman Sachs Group Inc. increased its position by a modest 0.3%, now owning 112,999 shares valued at around $61,288,000.
Other firms like Modern Wealth Management LLC and Private Client Services LLC have also made adjustments. Modern Wealth Management raised its stake by 21.7%, now owning 1,274 shares valued at approximately $691,000. Private Client Services increased its holdings by 7.1%, bringing their total to 848 shares, worth around $563,000.
Current Market Performance of Vanguard Information Technology ETF
As of the latest trading session, shares of the Vanguard Information Technology ETF opened at $761.96. The ETF has experienced a range over the past year, with a 52-week low of $451.00 and a 52-week high of $806.99. The fund boasts a market capitalization of $114.02 billion, and its price-to-earnings ratio stands at 34.55, with a beta of 1.25. The ETF’s 50-day moving average price is $757.67, while the 200-day moving average price is $728.77.
About Vanguard Information Technology ETF
The Vanguard Information Technology ETF aims to replicate the investment performance of the MSCI US Investable Market Information Technology 25/50 Index. This index serves as a benchmark for large-, mid-, and small-cap stocks within the United States information technology sector. The sector includes companies focused on technology software and services, hardware and equipment, as well as data processing and consulting services.
Investors interested in the Vanguard Information Technology ETF can stay updated on institutional holdings and other market developments through resources such as HoldingsChannel.com. The platform provides the latest 13F filings and insider trades related to the ETF, alongside daily summaries of news and analysts’ ratings for VGT and similar investment options.
