The Manufacturers Life Insurance Company Sells 18,946 Shares of Vanguard Information Technology ETF $VGT

The Manufacturers Life Insurance Company cut its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 54.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,065 shares of the exchange traded fund’s stock after selling 18,946 shares during the period. The Manufacturers Life Insurance Company’s holdings in Vanguard Information Technology ETF were worth $11,209,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in VGT. Kingdom Financial Group LLC. bought a new position in Vanguard Information Technology ETF in the 4th quarter valued at $27,000. Wells Financial Advisors INC purchased a new position in shares of Vanguard Information Technology ETF during the fourth quarter valued at $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Vanguard Information Technology ETF in the fourth quarter valued at about $30,000. RHL Group LLC bought a new stake in shares of Vanguard Information Technology ETF in the fourth quarter valued at about $31,000. Finally, Jessup Wealth Management Inc bought a new stake in shares of Vanguard Information Technology ETF in the fourth quarter valued at about $31,000.

Vanguard Information Technology ETF Price Performance

NYSEARCA:VGT opened at $115.14 on Tuesday. Vanguard Information Technology ETF has a 1-year low of $83.09 and a 1-year high of $126.00. The company has a 50-day moving average of $116.56 and a 200 day moving average of $103.49. The firm has a market cap of $141.15 billion, a PE ratio of 34.55 and a beta of 1.34.

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). 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.