Vanguard Information Technology ETF Stock Set to Split on Tuesday, April 21st (NYSEARCA:VGT)

Shares of Vanguard Information Technology ETF (NYSEARCA:VGT) are going to split on Tuesday, April 21st. The 8-1 split was announced on Thursday, March 26th. The newly minted shares will be distributed to shareholders after the market closes on Monday, April 20th.

Vanguard Information Technology ETF Stock Up 2.9%

VGT opened at $739.10 on Thursday. The stock has a fifty day moving average of $726.02 and a 200-day moving average of $747.18. The firm has a market capitalization of $111.32 billion, a P/E ratio of 34.55 and a beta of 1.26. Vanguard Information Technology ETF has a 12-month low of $470.51 and a 12-month high of $806.99.

Hedge Funds Weigh In On Vanguard Information Technology ETF

Several institutional investors and hedge funds have recently modified their holdings of VGT. China Universal Asset Management Co. Ltd. grew its holdings in shares of Vanguard Information Technology ETF by 110.5% during the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 40 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 21 shares in the last quarter. Kingdom Financial Group LLC. purchased a new position in shares of Vanguard Information Technology ETF during the 4th quarter valued at $27,000. Wells Financial Advisors INC bought a new stake in Vanguard Information Technology ETF in the fourth quarter worth $29,000. Strategic Advocates LLC bought a new stake in Vanguard Information Technology ETF in the third quarter worth $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Vanguard Information Technology ETF in the fourth quarter worth $30,000.

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). 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.