Simplicity Wealth LLC Sells Vanguard Information Technology ETF Shares

On October 14, 2024, it was reported that Simplicity Wealth LLC reduced its investment in the Vanguard Information Technology ETF (NYSEARCA:VGT) by a significant 82.1% during the third quarter of the year. This move left the institutional investor with 909 shares of the ETF after offloading 4,166 shares during the quarter. By the end of the recent quarter, the value of Simplicity Wealth LLC's holdings in the Vanguard Information Technology ETF was approximately $533,000.

This decision to sell is part of a broader trend, as several other institutional and hedge funds have also been adjusting their positions in the fund. For instance, Traynor Capital Management Inc. raised its stake in Vanguard Information Technology ETF by 17.7% in the first quarter, acquiring an additional 191 shares to reach a total of 1,268 shares valued at around $665,000. Additionally, Moloney Securities Asset Management LLC increased its holdings by 20.1%, now owning 895 shares valued at approximately $469,000 after gaining 150 shares.

Other institutional investors have similarly boosted their investments; Lazard Asset Management LLC enhanced its stake by 13.9%, owning now 4,100 shares valued at about $2,149,000 after purchasing an extra 500 shares. Moreover, Diversify Advisory Services LLC grew its holdings by 31.2% in the second quarter, owning 1,693 shares worth around $1,014,000 following the acquisition of 403 additional shares. NBC Securities Inc. also increased its investment by 15.1%, collecting a total of 2,860 shares valued at around $1,499,000 after adding 376 shares.

Current Market Performance of Vanguard Information Technology ETF

As for VGT's market performance, shares opened at $600.44. The ETF has experienced a fifty-two week low of $397.76 and a high of $609.15, demonstrating notable volatility. Currently, it has a market capitalization of approximately $75.61 billion, with a P/E ratio of 36.30 and a beta value of 1.41, indicating its relative risk compared to the overall market. Its 50-day simple moving average stands at $566.70, while the 200-day simple moving average is at $552.96, reflecting trends in longer-term price movement.

Overview of Vanguard Information Technology ETF

The Vanguard Information Technology ETF is structured to track the performance of the MSCI US Investable Market Information Technology 25/50 Index. This index includes a range of large-, mid-, and small-cap U.S. stocks that belong to the information technology sector, as classified under the Global Industry Classification Standard (GICS).

Further Reading and Recommendations

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For those interested in tracking hedge fund activities related to VGT, it is advisable to check out recent 13F filings and insider trades associated with the Vanguard Information Technology ETF.

Investments, Simplicity, Vanguard