Spire Wealth Management Purchases 15,165 Shares of Vanguard Information Technology ETF (NYSEARCA:VGT)

Spire Wealth Management lifted its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 11.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 143,602 shares of the exchange traded fund’s stock after acquiring an additional 15,165 shares during the period. Vanguard Information Technology ETF accounts for about 2.5% of Spire Wealth Management’s holdings, making the stock its 5th biggest position. Spire Wealth Management’s holdings in Vanguard Information Technology ETF were worth $71,755,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of VGT. Financial Counselors Inc. increased its stake in Vanguard Information Technology ETF by 0.5% in the fourth quarter. Financial Counselors Inc. now owns 4,078 shares of the exchange traded fund’s stock valued at $1,974,000 after purchasing an additional 20 shares during the period. Garrison Asset Management LLC increased its position in Vanguard Information Technology ETF by 4.5% in the 4th quarter. Garrison Asset Management LLC now owns 512 shares of the exchange traded fund’s stock valued at $248,000 after acquiring an additional 22 shares during the period. Tower View Wealth Management LLC raised its stake in Vanguard Information Technology ETF by 0.6% during the 4th quarter. Tower View Wealth Management LLC now owns 3,458 shares of the exchange traded fund’s stock valued at $1,674,000 after acquiring an additional 22 shares during the last quarter. Salem Investment Counselors Inc. lifted its position in Vanguard Information Technology ETF by 7.6% during the 4th quarter. Salem Investment Counselors Inc. now owns 327 shares of the exchange traded fund’s stock worth $158,000 after acquiring an additional 23 shares during the period. Finally, Grey Fox Wealth Advisors LLC increased its holdings in shares of Vanguard Information Technology ETF by 3.7% in the fourth quarter. Grey Fox Wealth Advisors LLC now owns 644 shares of the exchange traded fund’s stock valued at $311,000 after purchasing an additional 23 shares during the period.

Vanguard Information Technology ETF Price Performance

Shares of VGT stock traded up $13.40 during mid-day trading on Friday, hitting $509.46. The stock had a trading volume of 438,581 shares, compared to its average volume of 486,565. The firm has a market cap of $64.15 billion, a PE ratio of 36.30 and a beta of 1.41. The company’s 50-day simple moving average is $514.01 and its 200-day simple moving average is $486.59. Vanguard Information Technology ETF has a fifty-two week low of $374.85 and a fifty-two week 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).