Vanguard Information Technology ETF $VGT Holdings Raised by Spire Wealth Management

Spire Wealth Management grew its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 669.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 575,609 shares of the exchange traded fund’s stock after acquiring an additional 500,833 shares during the period. Vanguard Information Technology ETF makes up 2.1% of Spire Wealth Management’s portfolio, making the stock its 10th biggest holding. Spire Wealth Management’s holdings in Vanguard Information Technology ETF were worth $68,789,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of VGT. Kingdom Financial Group LLC. purchased a new position in Vanguard Information Technology ETF in the 4th quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Vanguard Information Technology ETF by 497.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 233 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 194 shares during the period. Wells Financial Advisors INC acquired a new stake in shares of Vanguard Information Technology ETF in the fourth quarter valued at $29,000. RHL Group LLC acquired a new stake in shares of Vanguard Information Technology ETF in the fourth quarter valued at $31,000. Finally, Jessup Wealth Management Inc purchased a new position in Vanguard Information Technology ETF in the fourth quarter valued at $31,000.

Vanguard Information Technology ETF Price Performance

Shares of NYSEARCA VGT opened at $122.99 on Friday. The stock’s 50-day moving average is $116.44 and its two-hundred day moving average is $104.99. Vanguard Information Technology ETF has a 1-year low of $83.09 and a 1-year high of $126.00. The company has a market cap of $150.77 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34.

About Vanguard Information Technology ETF

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). This GICS sector is made up of companies in three areas: technology software and services, including companies that develop software in various fields (such as the Internet, applications, systems, databases, and/or home entertainment), and companies that provide information technology consulting and services, data processing, and outsourced services; technology hardware and equipment, including manufacturers and distributors of communications equipment, computers and peripherals and electronic equipment, and semiconductors and semiconductor equipment manufacturers.