Vanguard Information Technology ETF $VGT Shares Sold by Royal Bank of Canada

Royal Bank of Canada decreased its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 2.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 726,799 shares of the exchange traded fund’s stock after selling 20,116 shares during the quarter. Royal Bank of Canada’s holdings in Vanguard Information Technology ETF were worth $507,103,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the company. Kingdom Financial Group LLC. acquired a new position in shares of Vanguard Information Technology ETF in the 4th quarter valued at $27,000. Wells Financial Advisors INC acquired a new position in Vanguard Information Technology ETF in the fourth quarter valued at $29,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Vanguard Information Technology ETF in the fourth quarter valued at about $30,000. RHL Group LLC acquired a new stake in shares of Vanguard Information Technology ETF during the fourth quarter worth about $31,000. Finally, Jessup Wealth Management Inc purchased a new position in shares of Vanguard Information Technology ETF during the fourth quarter worth about $31,000.

Vanguard Information Technology ETF Stock Down 1.4%

Shares of VGT stock opened at $110.87 on Wednesday. The stock has a market capitalization of $135.92 billion, a PE ratio of 34.55 and a beta of 1.34. Vanguard Information Technology ETF has a 52-week low of $83.09 and a 52-week high of $126.00. The stock’s 50-day moving average price is $116.76 and its 200 day moving average price is $103.00.

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.