Franklin Resources Inc. Has $1.72 Million Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

Franklin Resources Inc. trimmed its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 5.6% during the third quarter, HoldingsChannel reports. The fund owned 2,831 shares of the exchange traded fund’s stock after selling 169 shares during the period. Franklin Resources Inc.’s holdings in Vanguard Information Technology ETF were worth $1,721,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in VGT. UMB Bank n.a. bought a new position in Vanguard Information Technology ETF in the second quarter valued at $332,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Vanguard Information Technology ETF by 19.5% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,818 shares of the exchange traded fund’s stock valued at $1,628,000 after acquiring an additional 460 shares during the period. Hantz Financial Services Inc. bought a new position in shares of Vanguard Information Technology ETF in the 2nd quarter valued at about $48,000. Birch Hill Investment Advisors LLC grew its position in shares of Vanguard Information Technology ETF by 25.7% in the 2nd quarter. Birch Hill Investment Advisors LLC now owns 1,502 shares of the exchange traded fund’s stock valued at $866,000 after acquiring an additional 307 shares during the period. Finally, Blue Fin Capital Inc. grew its position in shares of Vanguard Information Technology ETF by 7.1% in the 2nd quarter. Blue Fin Capital Inc. now owns 1,311 shares of the exchange traded fund’s stock valued at $756,000 after acquiring an additional 87 shares during the period.

Vanguard Information Technology ETF Price Performance

Shares of VGT opened at $635.50 on Friday. The firm has a 50-day moving average of $620.96 and a 200-day moving average of $590.09. Vanguard Information Technology ETF has a one year low of $460.48 and a one year high of $648.66. The company has a market cap of $80.02 billion, a PE ratio of 36.30 and a beta of 1.41.

Vanguard Information Technology ETF 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).