Salem Investment Counselors Inc. Purchases 7,835 Shares of Vanguard Information Technology ETF $VGT

Salem Investment Counselors Inc. raised its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 577.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,192 shares of the exchange traded fund’s stock after buying an additional 7,835 shares during the period. Salem Investment Counselors Inc.’s holdings in Vanguard Information Technology ETF were worth $1,099,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Kingdom Financial Group LLC. bought a new stake in shares of Vanguard Information Technology ETF during the 4th quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Vanguard Information Technology ETF by 497.4% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 233 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 194 shares during the last quarter. Wells Financial Advisors INC bought a new position in Vanguard Information Technology ETF in the 4th quarter valued at $29,000. RHL Group LLC purchased a new stake in Vanguard Information Technology ETF in the fourth quarter worth $31,000. Finally, Jessup Wealth Management Inc purchased a new stake in Vanguard Information Technology ETF in the fourth quarter worth $31,000.

Vanguard Information Technology ETF Trading Up 1.1%

NYSEARCA:VGT opened at $122.99 on Friday. Vanguard Information Technology ETF has a twelve month low of $83.09 and a twelve month 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. The stock has a fifty day simple moving average of $116.44 and a 200-day simple moving average of $104.99.

Vanguard Information Technology ETF 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). 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.