Tableaux LLC has significantly decreased its investment in the Vanguard Information Technology ETF (NYSEARCA: VGT) by selling 6,588 shares, representing a reduction of 93.5% in its holdings during the third quarter of 2023. Following this sale, the firm now holds only 460 shares of the ETF, valued at approximately $343,000, based on its latest filing with the Securities & Exchange Commission.
Other institutional investors have also made notable adjustments to 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 a total of 40 shares valued at $27,000 after purchasing an additional 21 shares. Similarly, First Command Advisory Services Inc. established a new position during the third quarter worth $31,000, while Semmax Financial Advisors Inc. and Kilter Group LLC also entered the market with new stakes of $31,000 and $37,000, respectively. Evolution Wealth Management Inc. rounded out this trend by purchasing shares valued at $40,000 in the same quarter.
Market Performance of Vanguard Information Technology ETF
On the market, the Vanguard Information Technology ETF opened at $737.30 on Wednesday, reflecting its robust performance amidst varying investment strategies. The ETF has a market capitalization of $110.33 billion and a price-to-earnings (P/E) ratio of 34.55, with a beta of 1.25. Its fifty-day moving average stands at $750.48, while the 200-day moving average is $744.40. Over the past year, the ETF has experienced a low of $451.00 and a high of $806.99.
The Vanguard Information Technology ETF aims to track the investment performance of the MSCI US Investable Market Information Technology 25/50 Index. This index includes a diverse range of large-, mid-, and small-cap companies within the technology sector, categorized under the Global Industry Classification Standard (GICS). The sector encompasses various industries, including technology software and services, data processing, and the manufacturing of technology hardware and equipment.
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