Founders Grove Wealth Partners LLC Sells 1,887 Shares of Vanguard Information Technology ETF $VGT

Founders Grove Wealth Partners LLC cut its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 6.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 27,288 shares of the exchange traded fund’s stock after selling 1,887 shares during the quarter. Vanguard Information Technology ETF accounts for about 4.8% of Founders Grove Wealth Partners LLC’s portfolio, making the stock its 4th largest position. Founders Grove Wealth Partners LLC’s holdings in Vanguard Information Technology ETF were worth $20,374,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of VGT. China Universal Asset Management Co. Ltd. grew its position in Vanguard Information Technology ETF by 110.5% during the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 40 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 21 shares during the last quarter. Semmax Financial Advisors Inc. acquired a new stake in shares of Vanguard Information Technology ETF during the second quarter valued at about $31,000. Kilter Group LLC acquired a new stake in shares of Vanguard Information Technology ETF during the second quarter valued at about $37,000. Sawyer & Company Inc bought a new stake in shares of Vanguard Information Technology ETF during the second quarter worth about $38,000. Finally, Rice Partnership LLC bought a new stake in shares of Vanguard Information Technology ETF during the second quarter worth about $40,000.

Vanguard Information Technology ETF Price Performance

Shares of NYSEARCA VGT opened at $767.17 on Friday. The company has a 50 day simple moving average of $761.43 and a 200 day simple moving average of $719.87. The firm has a market cap of $113.50 billion, a PE ratio of 34.55 and a beta of 1.25. Vanguard Information Technology ETF has a 1 year low of $451.00 and a 1 year high of $806.99.

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.