PNC Financial Services Group Inc. Cuts Stock Position in Vanguard Information Technology ETF $VGT

PNC Financial Services Group Inc. lessened its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 3.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 298,284 shares of the exchange traded fund’s stock after selling 12,234 shares during the quarter. PNC Financial Services Group Inc. owned about 0.20% of Vanguard Information Technology ETF worth $208,119,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Kingdom Financial Group LLC. purchased a new position in Vanguard Information Technology ETF in the fourth quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Vanguard Information Technology ETF during the 4th quarter valued at $30,000. Wells Financial Advisors INC purchased a new stake in shares of Vanguard Information Technology ETF during the 4th quarter valued at $29,000. RHL Group LLC acquired a new stake in shares of Vanguard Information Technology ETF in the 4th quarter worth $31,000. Finally, Jessup Wealth Management Inc acquired a new stake in shares of Vanguard Information Technology ETF in the 4th quarter worth $31,000.

Vanguard Information Technology ETF Price Performance

Shares of VGT stock opened at $115.62 on Thursday. Vanguard Information Technology ETF has a 1-year low of $83.09 and a 1-year high of $126.00. The stock’s fifty day moving average price is $116.78 and its 200 day moving average price is $102.51. The company has a market cap of $141.74 billion, a price-to-earnings 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.