Simplicity Wealth LLC Reduces Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

On October 14, 2024, it was reported that Simplicity Wealth LLC has significantly reduced its investment in the Vanguard Information Technology ETF (NYSEARCA:VGT) by 82.1% in the third quarter. As per HoldingsChannel, the institutional investor now holds 909 shares of this exchange-traded fund (ETF) after selling 4,166 shares during the quarter. By the end of the recent quarter, Simplicity Wealth LLC's stake in the Vanguard Information Technology ETF was valued at approximately $533,000.

Several other institutional investors have also adjusted their positions regarding Vanguard Information Technology ETF shares recently. For example, Traynor Capital Management Inc. reported a 17.7% increase in its holdings during the first quarter. After acquiring an additional 191 shares, they now own 1,268 shares worth $665,000. Similarly, Moloney Securities Asset Management LLC raised its stake by 20.1% in the same time frame, owning 895 shares valued at $469,000 after purchasing 150 additional shares. Lazard Asset Management LLC also increased its holdings by 13.9%, boosting their total to 4,100 shares worth about $2,149,000 after an acquisition of 500 shares during the period.

Furthermore, Diversify Advisory Services LLC expanded its stake by 31.2% in the second quarter, now owning 1,693 shares valued at $1,014,000 after acquiring 403 additional shares. NBC Securities Inc. also raised its holdings by 15.1% during the first quarter, now owning 2,860 shares currently valued at $1,499,000 after purchasing 376 shares.

Current Performance of Vanguard Information Technology ETF

As of Monday, the Vanguard Information Technology ETF (VGT) opened at $600.44. Over the past year, the ETF experienced a low of $397.76 and a high of $609.15. The ETF boasts a market capitalization of $75.61 billion, a price-to-earnings (P/E) ratio of 36.30, and a beta of 1.41. Additionally, its 50-day simple moving average stands at $566.70, while the 200-day simple moving average is $552.96.

Overview of Vanguard Information Technology ETF

The Vanguard Information Technology ETF aims to emulate the investment performance of the MSCI US Investable Market Information Technology 25/50 Index. This benchmark includes a diverse set of large-, mid-, and small-cap stocks in the U.S. information technology sector, categorized under the Global Industry Classification Standard (GICS).

Further Reading

• Five stocks we like better than Vanguard Information Technology ETF
• Health Care Stocks Explained: Why You Might Want to Invest
• Why Fastenal Stock Could Hit New Highs After Strong Q3 Results
• Stock Market Sectors: What Are They and How Many Are There?
• Why Eli Lilly Stock Is Soaring—and How It Plans to Stay on Top
• The How And Why of Investing in Oil Stocks
• 3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside

For those interested in further insights, including recent hedge fund activities related to VGT, it may be beneficial to check for updated 13F filings and insider trades pertaining to Vanguard Information Technology ETF.

Investment, ETFs, Hedgefund