Summit Trail Advisors LLC Acquires 1,024 Shares of Vanguard Information Technology ETF (NYSEARCA:VGT)

Summit Trail Advisors LLC grew its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 15.2% during the fourth quarter, HoldingsChannel reports. The firm owned 7,763 shares of the exchange traded fund’s stock after buying an additional 1,024 shares during the quarter. Summit Trail Advisors LLC’s holdings in Vanguard Information Technology ETF were worth $3,757,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Spire Wealth Management boosted its position in shares of Vanguard Information Technology ETF by 11.8% during the 4th quarter. Spire Wealth Management now owns 143,602 shares of the exchange traded fund’s stock valued at $71,755,000 after purchasing an additional 15,165 shares in the last quarter. NTV Asset Management LLC bought a new stake in shares of Vanguard Information Technology ETF in the 4th quarter valued at $225,000. Avidian Wealth Solutions LLC lifted its position in shares of Vanguard Information Technology ETF by 21.3% during the 4th quarter. Avidian Wealth Solutions LLC now owns 6,608 shares of the exchange traded fund’s stock valued at $3,198,000 after acquiring an additional 1,162 shares during the period. Avalon Trust Co boosted its stake in Vanguard Information Technology ETF by 111.8% during the fourth quarter. Avalon Trust Co now owns 108 shares of the exchange traded fund’s stock worth $52,000 after acquiring an additional 57 shares in the last quarter. Finally, TCG Advisory Services LLC grew its holdings in Vanguard Information Technology ETF by 11.6% in the fourth quarter. TCG Advisory Services LLC now owns 1,086 shares of the exchange traded fund’s stock worth $526,000 after purchasing an additional 113 shares during the period.

Vanguard Information Technology ETF Stock Performance

Shares of NYSEARCA VGT traded down $0.34 during trading on Tuesday, hitting $516.49. 78,906 shares of the company traded hands, compared to its average volume of 479,607. Vanguard Information Technology ETF has a fifty-two week low of $382.70 and a fifty-two week high of $536.63. The business’s fifty day moving average is $514.06 and its 200 day moving average is $487.29. The firm has a market capitalization of $65.04 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41.

Vanguard Information Technology ETF Company 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).