Verus Financial Partners Inc. Sells 205,010 Shares of Vanguard Information Technology ETF $VGT

Verus Financial Partners Inc. trimmed its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 98.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,770 shares of the exchange traded fund’s stock after selling 205,010 shares during the period. Verus Financial Partners Inc.’s holdings in Vanguard Information Technology ETF were worth $348,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in VGT. Northwestern Mutual Wealth Management Co. boosted its holdings in Vanguard Information Technology ETF by 657.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,731,562 shares of the exchange traded fund’s stock worth $565,516,000 after purchasing an additional 4,107,038 shares during the last quarter. HighTower Advisors LLC raised its stake in Vanguard Information Technology ETF by 762.8% during the 2nd quarter. HighTower Advisors LLC now owns 3,651,091 shares of the exchange traded fund’s stock valued at $436,378,000 after buying an additional 3,227,909 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Vanguard Information Technology ETF by 817.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,330,327 shares of the exchange traded fund’s stock valued at $398,041,000 after buying an additional 2,967,256 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in Vanguard Information Technology ETF by 693.4% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,421,267 shares of the exchange traded fund’s stock valued at $289,390,000 after buying an additional 2,116,095 shares during the last quarter. Finally, Nissay Asset Management Corp Japan lifted its holdings in shares of Vanguard Information Technology ETF by 700.0% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 1,637,816 shares of the exchange traded fund’s stock valued at $195,752,000 after buying an additional 1,433,089 shares during the period.

Vanguard Information Technology ETF Price Performance

NYSEARCA VGT opened at $116.96 on Friday. The business’s fifty day moving average price is $122.48 and its 200-day moving average price is $109.29. The stock has a market capitalization of $143.87 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34. Vanguard Information Technology ETF has a 1-year low of $83.09 and a 1-year high of $130.66.

About Vanguard Information Technology ETF

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.