JPMorgan Chase & Co. Reduces Stock Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

JPMorgan Chase & Co. cut its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 7.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,137,136 shares of the exchange traded fund’s stock after selling 259,239 shares during the period. JPMorgan Chase & Co.’s holdings in Vanguard Information Technology ETF were worth $1,124,632,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. HighTower Advisors LLC purchased a new stake in Vanguard Information Technology ETF in the 1st quarter valued at approximately $116,171,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Vanguard Information Technology ETF by 7.9% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,177,897 shares of the exchange traded fund’s stock valued at $780,754,000 after acquiring an additional 158,850 shares in the last quarter. Marks Wealth LLC purchased a new stake in Vanguard Information Technology ETF during the 4th quarter worth about $34,146,000. Sawtooth Solutions LLC raised its stake in Vanguard Information Technology ETF by 88.0% in the 4th quarter. Sawtooth Solutions LLC now owns 150,642 shares of the exchange traded fund’s stock valued at $53,296,000 after purchasing an additional 70,527 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Vanguard Information Technology ETF by 13.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 449,842 shares of the exchange traded fund’s stock valued at $161,264,000 after purchasing an additional 52,543 shares in the last quarter.

Shares of NYSEARCA:VGT traded up $1.16 during trading on Friday, reaching $381.23. The stock had a trading volume of 528 shares, compared to its average volume of 513,592. Vanguard Information Technology ETF has a fifty-two week low of $258.61 and a fifty-two week high of $388.73. The firm’s fifty day moving average is $373.70.

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).

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Institutional Ownership by Quarter for Vanguard Information Technology ETF (NYSEARCA:VGT)

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