Schrum Private Wealth Management LLC Sells 1,652 Shares of Vanguard Information Technology ETF (NYSEARCA:VGT)

Schrum Private Wealth Management LLC lessened its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 34.2% during the 4th quarter, HoldingsChannel reports. The fund owned 3,176 shares of the exchange traded fund’s stock after selling 1,652 shares during the quarter. Vanguard Information Technology ETF accounts for about 1.7% of Schrum Private Wealth Management LLC’s investment portfolio, making the stock its 13th largest holding. Schrum Private Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $1,974,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VGT. JPMorgan Chase & Co. grew its position in shares of Vanguard Information Technology ETF by 10.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,494,335 shares of the exchange traded fund’s stock worth $3,222,539,000 after buying an additional 501,703 shares during the period. Strategic Financial Concepts LLC boosted its position in shares of Vanguard Information Technology ETF by 39,912.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,232,769 shares of the exchange traded fund’s stock worth $766,536,000 after purchasing an additional 1,229,688 shares during the last quarter. LPL Financial LLC boosted its position in shares of Vanguard Information Technology ETF by 2.3% in the 3rd quarter. LPL Financial LLC now owns 1,188,742 shares of the exchange traded fund’s stock worth $697,221,000 after purchasing an additional 26,845 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Vanguard Information Technology ETF during the fourth quarter worth $494,903,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its holdings in Vanguard Information Technology ETF by 311.5% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 674,791 shares of the exchange traded fund’s stock valued at $419,585,000 after purchasing an additional 510,798 shares during the last quarter.

Vanguard Information Technology ETF Trading Up 1.5 %

Shares of VGT opened at $586.92 on Thursday. The stock’s 50-day moving average price is $622.48 and its two-hundred day moving average price is $607.16. Vanguard Information Technology ETF has a 1 year low of $478.25 and a 1 year high of $648.76. The stock has a market cap of $81.48 billion, a P/E ratio of 36.18 and a beta of 1.16.

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).