Robertson Stephens Wealth Management LLC Reduces Stock Position in Vanguard Information Technology ETF (NYSEARCA:VGT)

Robertson Stephens Wealth Management LLC cut its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,085 shares of the exchange traded fund’s stock after selling 1,733 shares during the quarter. Vanguard Information Technology ETF comprises about 0.8% of Robertson Stephens Wealth Management LLC’s holdings, making the stock its 27th largest position. Robertson Stephens Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $21,194,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VGT. Brooklyn Investment Group bought a new stake in shares of Vanguard Information Technology ETF during the fourth quarter valued at about $30,000. St. Johns Investment Management Company LLC purchased a new position in Vanguard Information Technology ETF during the third quarter valued at approximately $30,000. Peterson Financial Group Inc. bought a new stake in Vanguard Information Technology ETF during the 3rd quarter worth approximately $30,000. Coastline Trust Co bought a new position in Vanguard Information Technology ETF in the 3rd quarter valued at $32,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Vanguard Information Technology ETF by 107.1% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 58 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 30 shares in the last quarter.

Vanguard Information Technology ETF Stock Performance

Vanguard Information Technology ETF stock opened at $624.69 on Thursday. The stock has a market cap of $78.66 billion, a P/E ratio of 36.30 and a beta of 1.41. Vanguard Information Technology ETF has a fifty-two week low of $478.25 and a fifty-two week high of $648.76. The firm’s fifty day moving average price is $629.23 and its 200-day moving average price is $597.52.

Vanguard Information Technology ETF 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).