Patton Albertson Miller Group LLC Sells 703 Shares of Vanguard Information Technology ETF $VGT

Patton Albertson Miller Group LLC lowered its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 4.5% in the third quarter, HoldingsChannel.com reports. The firm owned 14,817 shares of the exchange traded fund’s stock after selling 703 shares during the quarter. Vanguard Information Technology ETF comprises 1.3% of Patton Albertson Miller Group LLC’s investment portfolio, making the stock its 18th largest position. Patton Albertson Miller Group LLC’s holdings in Vanguard Information Technology ETF were worth $11,063,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. China Universal Asset Management Co. Ltd. boosted its position in Vanguard Information Technology ETF by 110.5% in the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 40 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 21 shares during the last quarter. First Command Advisory Services Inc. acquired a new position in shares of Vanguard Information Technology ETF during the third quarter valued at $31,000. Semmax Financial Advisors Inc. acquired a new position in shares of Vanguard Information Technology ETF during the second quarter valued at $31,000. Tripletail Wealth Management LLC bought a new position in Vanguard Information Technology ETF in the third quarter valued at about $40,000. Finally, Kilter Group LLC acquired a new stake in Vanguard Information Technology ETF in the second quarter worth about $37,000.

Vanguard Information Technology ETF Trading Down 1.9%

Shares of NYSEARCA:VGT opened at $760.80 on Friday. Vanguard Information Technology ETF has a 1-year low of $451.00 and a 1-year high of $806.99. The stock has a market capitalization of $113.85 billion, a P/E ratio of 34.55 and a beta of 1.25. The business has a 50-day moving average price of $757.42 and a two-hundred day moving average price of $737.37.

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). 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.