Charles Schwab Investment Management Inc. Trims Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

Charles Schwab Investment Management Inc. reduced its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 8.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,607 shares of the exchange traded fund’s stock after selling 515 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Vanguard Information Technology ETF were worth $3,486,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in Vanguard Information Technology ETF by 10.0% during the third quarter. JPMorgan Chase & Co. now owns 5,494,335 shares of the exchange traded fund’s stock worth $3,222,539,000 after purchasing an additional 501,703 shares in the last quarter. Strategic Financial Concepts LLC boosted its holdings in shares of Vanguard Information Technology ETF by 39,912.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,232,769 shares of the exchange traded fund’s stock valued at $766,536,000 after acquiring an additional 1,229,688 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake in Vanguard Information Technology ETF by 311.5% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 674,791 shares of the exchange traded fund’s stock valued at $419,585,000 after purchasing an additional 510,798 shares during the period. Stifel Financial Corp grew its position in Vanguard Information Technology ETF by 4.2% in the 3rd quarter. Stifel Financial Corp now owns 390,136 shares of the exchange traded fund’s stock valued at $228,842,000 after buying an additional 15,742 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in Vanguard Information Technology ETF by 1.1% in the third quarter. HighTower Advisors LLC now owns 332,140 shares of the exchange traded fund’s stock valued at $194,842,000 after purchasing an additional 3,774 shares during the period.

Vanguard Information Technology ETF Stock Down 1.1 %

NYSEARCA:VGT opened at $557.24 on Friday. The firm’s fifty day simple moving average is $602.42 and its 200-day simple moving average is $606.38. The stock has a market cap of $77.61 billion, a PE ratio of 33.62 and a beta of 1.17. Vanguard Information Technology ETF has a fifty-two week low of $478.25 and a fifty-two week high of $648.76.

Vanguard Information Technology ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were issued a $0.7294 dividend. The ex-dividend date was Tuesday, March 25th.

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).