Searcy Financial Services Inc. ADV Makes New Investment in Vanguard Information Technology ETF (NYSEARCA:VGT)

Searcy Financial Services Inc. ADV purchased a new position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 404 shares of the exchange traded fund’s stock, valued at approximately $212,000. Vanguard Information Technology ETF accounts for about 0.1% of Searcy Financial Services Inc. ADV’s portfolio, making the stock its 25th biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Counselors Inc. increased its holdings in shares of 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 worth $1,974,000 after buying an additional 20 shares during the period. Garrison Asset Management LLC increased its holdings in shares of Vanguard Information Technology ETF by 4.5% in the fourth quarter. Garrison Asset Management LLC now owns 512 shares of the exchange traded fund’s stock worth $248,000 after buying an additional 22 shares during the period. Tower View Wealth Management LLC increased its holdings in shares of Vanguard Information Technology ETF by 0.6% in the fourth quarter. Tower View Wealth Management LLC now owns 3,458 shares of the exchange traded fund’s stock worth $1,674,000 after buying an additional 22 shares during the period. Stephens Inc. AR increased its holdings in Vanguard Information Technology ETF by 0.5% during the 4th quarter. Stephens Inc. AR now owns 4,574 shares of the exchange traded fund’s stock valued at $2,214,000 after purchasing an additional 22 shares during the period. Finally, Salem Investment Counselors Inc. increased its holdings in Vanguard Information Technology ETF by 6.7% during the 1st quarter. Salem Investment Counselors Inc. now owns 349 shares of the exchange traded fund’s stock valued at $183,000 after purchasing an additional 22 shares during the period.

Vanguard Information Technology ETF Price Performance

NYSEARCA:VGT traded down $0.21 during mid-day trading on Friday, reaching $576.59. 380,444 shares of the company’s stock traded hands, compared to its average volume of 456,512. Vanguard Information Technology ETF has a 12-month low of $397.76 and a 12-month high of $593.10. The firm has a market capitalization of $72.60 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41. The company has a 50 day moving average price of $539.46 and a 200-day moving average price of $516.14.

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).