Vanguard Information Technology ETF (NYSEARCA:VGT) Reaches New 1-Year High – What’s Next?

Vanguard Information Technology ETF (NYSEARCA:VGT)’s share price reached a new 52-week high on Monday . The company traded as high as $627.58 and last traded at $627.34, with a volume of 90207 shares. The stock had previously closed at $622.25.

Vanguard Information Technology ETF Stock Up 0.5 %

The company has a market cap of $79.53 billion, a P/E ratio of 36.30 and a beta of 1.41. The business has a fifty day moving average of $603.79 and a 200 day moving average of $578.70.

Institutional Investors Weigh In On Vanguard Information Technology ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VGT. Vanguard Group Inc. lifted its holdings in shares of Vanguard Information Technology ETF by 3.3% during the first quarter. Vanguard Group Inc. now owns 5,637 shares of the exchange traded fund’s stock valued at $2,956,000 after purchasing an additional 179 shares during the last quarter. GAMMA Investing LLC raised its holdings in Vanguard Information Technology ETF by 15.0% in the second quarter. GAMMA Investing LLC now owns 161 shares of the exchange traded fund’s stock worth $93,000 after buying an additional 21 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Vanguard Information Technology ETF in the 2nd quarter valued at approximately $40,000. Park Avenue Securities LLC lifted its holdings in shares of Vanguard Information Technology ETF by 26.5% during the second quarter. Park Avenue Securities LLC now owns 2,376 shares of the exchange traded fund’s stock valued at $1,370,000 after purchasing an additional 497 shares in the last quarter. Finally, CWM LLC increased its holdings in Vanguard Information Technology ETF by 3.6% in the 2nd quarter. CWM LLC now owns 6,770 shares of the exchange traded fund’s stock worth $3,904,000 after buying an additional 235 shares in the last quarter.

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).