Tower View Wealth Management LLC Decreases Stock Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

Tower View Wealth Management LLC trimmed its holdings in Vanguard Information Technology ETF (NYSEARCA:VGT) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,758 shares of the exchange traded fund’s stock after selling 26 shares during the quarter. Tower View Wealth Management LLC’s holdings in Vanguard Information Technology ETF were worth $2,336,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of VGT. First Trust Direct Indexing L.P. raised its position in shares of Vanguard Information Technology ETF by 38.8% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 551 shares of the exchange traded fund’s stock valued at $323,000 after buying an additional 154 shares during the period. US Bancorp DE raised its position in shares of Vanguard Information Technology ETF by 0.9% during the 3rd quarter. US Bancorp DE now owns 14,428 shares of the exchange traded fund’s stock valued at $8,463,000 after buying an additional 134 shares during the period. Americana Partners LLC raised its position in shares of Vanguard Information Technology ETF by 1.2% during the 3rd quarter. Americana Partners LLC now owns 1,645 shares of the exchange traded fund’s stock valued at $965,000 after buying an additional 19 shares during the period. Lowe Brockenbrough & Co. Inc. raised its position in shares of Vanguard Information Technology ETF by 26.5% during the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 29,850 shares of the exchange traded fund’s stock valued at $17,535,000 after buying an additional 6,249 shares during the period. Finally, Capital Advisors Inc. OK raised its position in shares of Vanguard Information Technology ETF by 2.6% during the 3rd quarter. Capital Advisors Inc. OK now owns 6,066 shares of the exchange traded fund’s stock valued at $3,558,000 after buying an additional 154 shares during the period.

Vanguard Information Technology ETF Stock Up 1.6 %

Shares of NYSEARCA VGT opened at $598.48 on Friday. The firm has a market cap of $83.08 billion, a price-to-earnings ratio of 36.18 and a beta of 1.16. Vanguard Information Technology ETF has a 52-week low of $478.25 and a 52-week high of $648.76. The business’s 50 day moving average is $626.13 and its two-hundred day moving average is $606.86.

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).