Avalon Trust Co Grows Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

Avalon Trust Co grew its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 111.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 108 shares of the exchange traded fund’s stock after purchasing an additional 57 shares during the quarter. Avalon Trust Co’s holdings in Vanguard Information Technology ETF were worth $52,000 as of its most recent filing with the Securities and Exchange Commission.

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

Vanguard Information Technology ETF Stock Up 2.7 %

Shares of NYSEARCA VGT traded up $13.40 during mid-day trading on Friday, hitting $509.46. 438,581 shares of the company were exchanged, compared to its average volume of 486,565. The firm has a market cap of $64.15 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41. The stock has a 50 day simple moving average of $514.01 and a 200-day simple moving average of $486.59. Vanguard Information Technology ETF has a 1-year low of $374.85 and a 1-year high of $536.63.

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).