Vanguard Information Technology ETF (NYSEARCA:VGT) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 16.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 391,308 shares of the exchange traded fund’s stock after selling 74,823 shares during the quarter. Envestnet Asset Management Inc. owned about 0.31% of Vanguard Information Technology ETF worth $243,315,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of VGT. Zions Bancorporation N.A. grew its holdings in Vanguard Information Technology ETF by 150.0% during the 4th quarter. Zions Bancorporation N.A. now owns 40 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 24 shares in the last quarter. Crowley Wealth Management Inc. purchased a new position in Vanguard Information Technology ETF in the 4th quarter valued at about $27,000. Brooklyn Investment Group acquired a new stake in shares of Vanguard Information Technology ETF during the fourth quarter valued at about $30,000. Kentucky Trust Co purchased a new stake in shares of Vanguard Information Technology ETF during the fourth quarter worth about $31,000. Finally, Briaud Financial Planning Inc acquired a new position in shares of Vanguard Information Technology ETF in the fourth quarter worth about $31,000.

Vanguard Information Technology ETF Stock Down 6.4 %

Shares of NYSEARCA VGT opened at $478.60 on Friday. Vanguard Information Technology ETF has a fifty-two week low of $476.31 and a fifty-two week high of $648.76. The business has a 50 day moving average price of $589.52 and a two-hundred day moving average price of $605.44. The firm has a market cap of $66.65 billion, a PE ratio of 32.38 and a beta of 1.23.

Vanguard Information Technology ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were issued a dividend of $0.7294 per share. The ex-dividend date of this dividend was Tuesday, March 25th.

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).