Barings LLC Sells 8,235 Shares of Vanguard Information Technology ETF $VGT

Barings LLC lessened its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 21.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,983 shares of the exchange traded fund’s stock after selling 8,235 shares during the period. Barings LLC’s holdings in Vanguard Information Technology ETF were worth $20,920,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Kingdom Financial Group LLC. purchased a new position in shares of Vanguard Information Technology ETF during the fourth quarter valued at $27,000. Wells Financial Advisors INC purchased a new position in Vanguard Information Technology ETF during the 4th quarter valued at about $29,000. Strategic Advocates LLC purchased a new position in Vanguard Information Technology ETF during the 3rd quarter valued at about $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Vanguard Information Technology ETF in the 4th quarter valued at about $30,000. Finally, RHL Group LLC bought a new stake in shares of Vanguard Information Technology ETF in the 4th quarter valued at about $31,000.

Vanguard Information Technology ETF Stock Performance

Shares of VGT opened at $114.24 on Friday. The company has a 50 day moving average price of $116.66 and a 200-day moving average price of $101.95. Vanguard Information Technology ETF has a fifty-two week low of $83.09 and a fifty-two week high of $126.00. The stock has a market capitalization of $140.05 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.