Vanguard Information Technology ETF (NYSEARCA:VGT) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 8.4% in the fourth quarter, HoldingsChannel reports. The firm owned 5,607 shares of the exchange traded fund’s stock after selling 515 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Vanguard Information Technology ETF were worth $3,486,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of VGT. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Vanguard Information Technology ETF by 45.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 93 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 29 shares during the last quarter. Principal Securities Inc. lifted its stake in shares of Vanguard Information Technology ETF by 20.4% during the 4th quarter. Principal Securities Inc. now owns 667 shares of the exchange traded fund’s stock worth $415,000 after purchasing an additional 113 shares during the period. Carnegie Investment Counsel boosted its holdings in shares of Vanguard Information Technology ETF by 5.4% during the fourth quarter. Carnegie Investment Counsel now owns 2,269 shares of the exchange traded fund’s stock worth $1,411,000 after purchasing an additional 117 shares during the last quarter. FMR LLC grew its position in shares of Vanguard Information Technology ETF by 11.0% in the third quarter. FMR LLC now owns 64,373 shares of the exchange traded fund’s stock valued at $37,756,000 after purchasing an additional 6,396 shares during the period. Finally, Atlantic Family Wealth LLC acquired a new position in Vanguard Information Technology ETF in the fourth quarter valued at $4,181,000.

Vanguard Information Technology ETF Trading Down 1.1 %

Shares of NYSEARCA:VGT opened at $557.24 on Friday. The firm has a market cap of $77.61 billion, a price-to-earnings ratio of 33.62 and a beta of 1.17. The stock’s 50-day moving average price is $602.42 and its two-hundred day moving average price is $606.38. Vanguard Information Technology ETF has a 12-month low of $478.25 and a 12-month high of $648.76.

Vanguard Information Technology ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were given a $0.7294 dividend. The ex-dividend date was Tuesday, March 25th.

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).