Tableaux LLC has significantly reduced its holdings in the Vanguard Information Technology ETF (NYSEARCA: VGT) by selling 6,588 shares during the third quarter of 2023. This move decreased the firm’s ownership by 93.5%, leaving it with just 460 shares valued at approximately $343,000, according to the company’s recent filing with the Securities and Exchange Commission.
Several institutional investors have also adjusted their positions in the Vanguard Information Technology ETF. Notably, China Universal Asset Management Co. Ltd. increased its stake by 110.5% in the second quarter, acquiring an additional 21 shares to reach a total of 40 shares valued at $27,000. Other firms, such as First Command Advisory Services Inc. and Semmax Financial Advisors Inc., each purchased new positions worth $31,000 in the third quarter. Similarly, Kilter Group LLC invested $37,000 in the second quarter, while Evolution Wealth Management Inc. also entered the market with a $40,000 stake during the same period.
Vanguard Information Technology ETF Performance
As of Wednesday, shares of the Vanguard Information Technology ETF opened at $737.30. The ETF boasts a market capitalization of $110.33 billion and a price-to-earnings (P/E) ratio of 34.55. The stock has demonstrated volatility, with a one-year low of $451.00 and a one-year high of $806.99. The current fifty-day moving average stands at $750.48, while the two-hundred-day moving average is $744.40.
The Vanguard Information Technology ETF aims to replicate the investment performance of the MSCI US Investable Market Information Technology 25/50 Index. This index serves as a benchmark for large-, mid-, and small-cap stocks in the United States information technology sector, as classified under the Global Industry Classification Standard (GICS). The sector comprises companies in technology software and services, technology hardware and equipment, and semiconductors.
Investors seeking further information on holdings and market activity can visit HoldingsChannel.com for the latest 13F filings and insider trades related to the Vanguard Information Technology ETF. Additionally, MarketBeat.com offers a daily email newsletter summarizing the latest news and analyst ratings for the ETF and related companies.
