Vanguard Information Technology ETF (NYSEARCA:VGT) Hits New 52-Week High – Here’s What Happened

Vanguard Information Technology ETF (NYSEARCA:VGT) shares reached a new 52-week high on Monday . The company traded as high as $627.57 and last traded at $626.84, with a volume of 63322 shares. The stock had previously closed at $621.58.

Vanguard Information Technology ETF Stock Up 0.2 %

The company’s fifty day moving average is $596.82 and its two-hundred day moving average is $573.88. The firm has a market capitalization of $78.40 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41.

Hedge Funds Weigh In On Vanguard Information Technology ETF

Several hedge funds have recently added to or reduced their stakes in the stock. St. Johns Investment Management Company LLC bought a new position in Vanguard Information Technology ETF during the 3rd quarter worth approximately $30,000. Peterson Financial Group Inc. bought a new position in shares of Vanguard Information Technology ETF during the third quarter worth $30,000. Triad Wealth Partners LLC acquired a new position in shares of Vanguard Information Technology ETF in the 2nd quarter valued at $32,000. Coastline Trust Co bought a new stake in shares of Vanguard Information Technology ETF in the 3rd quarter valued at $32,000. Finally, Bell Investment Advisors Inc acquired a new stake in Vanguard Information Technology ETF during the 2nd quarter worth $33,000.

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).