SouthState Corp Lowers Stock Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

SouthState Corp reduced its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 12.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,559 shares of the exchange traded fund’s stock after selling 230 shares during the quarter. SouthState Corp’s holdings in Vanguard Information Technology ETF were worth $755,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake in shares of Vanguard Information Technology ETF by 0.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,868,466 shares of the exchange traded fund’s stock worth $2,019,927,000 after acquiring an additional 36,740 shares in the last quarter. Morgan Stanley grew its holdings in Vanguard Information Technology ETF by 1.3% in the third quarter. Morgan Stanley now owns 1,861,916 shares of the exchange traded fund’s stock valued at $772,509,000 after purchasing an additional 23,227 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Vanguard Information Technology ETF during the 4th quarter worth $692,917,000. LPL Financial LLC boosted its position in shares of Vanguard Information Technology ETF by 6.0% in the 3rd quarter. LPL Financial LLC now owns 1,036,018 shares of the exchange traded fund’s stock worth $429,844,000 after buying an additional 58,893 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Vanguard Information Technology ETF by 14.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 682,089 shares of the exchange traded fund’s stock valued at $282,830,000 after acquiring an additional 85,685 shares during the last quarter.

Vanguard Information Technology ETF Price Performance

VGT traded up $13.35 during midday trading on Friday, reaching $509.41. 438,533 shares of the company’s stock were exchanged, compared to its average volume of 486,565. The business’s 50-day moving average price is $514.09 and its 200 day moving average price is $485.14. The stock has a market capitalization of $64.14 billion, a PE ratio of 36.30 and a beta of 1.41. Vanguard Information Technology ETF has a 1-year low of $374.85 and a 1-year high of $536.63.

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).