Exchange Capital Management Inc. Has $17.43 Million Stock Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Exchange Capital Management Inc. trimmed its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 1.8% in the first quarter, HoldingsChannel.com reports. The fund owned 33,245 shares of the exchange traded fund’s stock after selling 595 shares during the quarter. Vanguard Information Technology ETF comprises about 2.8% of Exchange Capital Management Inc.’s investment portfolio, making the stock its 4th biggest position. Exchange Capital Management Inc.’s holdings in Vanguard Information Technology ETF were worth $17,432,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. International Assets Investment Management LLC bought a new stake in shares of Vanguard Information Technology ETF during the 4th quarter valued at about $692,917,000. Beacon Capital Management Inc. boosted its position in shares of Vanguard Information Technology ETF by 189.0% during the 1st quarter. Beacon Capital Management Inc. now owns 317,241 shares of the exchange traded fund’s stock valued at $166,685,000 after purchasing an additional 207,468 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Vanguard Information Technology ETF by 14.4% in the third quarter. Ameriprise Financial Inc. now owns 682,089 shares of the exchange traded fund’s stock worth $282,830,000 after acquiring an additional 85,685 shares in the last quarter. Annex Advisory Services LLC boosted its holdings in Vanguard Information Technology ETF by 73.1% in the fourth quarter. Annex Advisory Services LLC now owns 188,711 shares of the exchange traded fund’s stock worth $91,337,000 after acquiring an additional 79,719 shares in the last quarter. Finally, Gratus Capital LLC boosted its holdings in Vanguard Information Technology ETF by 587.1% in the fourth quarter. Gratus Capital LLC now owns 90,337 shares of the exchange traded fund’s stock worth $43,723,000 after acquiring an additional 77,189 shares in the last quarter.

Vanguard Information Technology ETF Stock Up 0.5 %

NYSEARCA:VGT traded up $3.10 on Tuesday, hitting $585.35. The stock had a trading volume of 266,449 shares, compared to its average volume of 456,069. The business’s fifty day moving average is $539.46 and its 200 day moving average is $516.70. The company has a market cap of $73.71 billion, a PE ratio of 36.30 and a beta of 1.41. Vanguard Information Technology ETF has a 52 week low of $397.76 and a 52 week high of $593.10.

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).