Vanguard Information Technology ETF (NYSEARCA:VGT) Hits New 1-Year High – Time to Buy?

Shares of Vanguard Information Technology ETF (NYSEARCA:VGT) hit a new 52-week high during trading on Tuesday . The company traded as high as $126.17 and last traded at $125.8780, with a volume of 763620 shares traded. The stock had previously closed at $125.56.

Vanguard Information Technology ETF Stock Up 0.2%

The firm has a 50-day moving average price of $118.36 and a two-hundred day moving average price of $110.24. The company has a market capitalization of $154.06 billion, a P/E ratio of 34.55 and a beta of 1.35.

Institutional Investors Weigh In On Vanguard Information Technology ETF

Institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its position in Vanguard Information Technology ETF by 762.8% during the second quarter. HighTower Advisors LLC now owns 3,651,091 shares of the exchange traded fund’s stock valued at $436,378,000 after purchasing an additional 3,227,909 shares in the last quarter. Florida Trust Wealth Management Co raised its position in Vanguard Information Technology ETF by 725.8% in the second quarter. Florida Trust Wealth Management Co now owns 21,736 shares of the exchange traded fund’s stock valued at $2,598,000 after purchasing an additional 19,104 shares during the last quarter. First Merchants Corp boosted its stake in shares of Vanguard Information Technology ETF by 744.7% during the second quarter. First Merchants Corp now owns 331,585 shares of the exchange traded fund’s stock valued at $39,631,000 after purchasing an additional 292,331 shares in the last quarter. Innovative Wealth Building LLC boosted its stake in shares of Vanguard Information Technology ETF by 748.5% during the second quarter. Innovative Wealth Building LLC now owns 58,592 shares of the exchange traded fund’s stock valued at $7,003,000 after purchasing an additional 51,687 shares in the last quarter. Finally, Clark Asset Management LLC grew its holdings in shares of Vanguard Information Technology ETF by 1,004.8% during the second quarter. Clark Asset Management LLC now owns 5,513 shares of the exchange traded fund’s stock worth $659,000 after purchasing an additional 5,014 shares during the last quarter.

Vanguard Information Technology ETF Company 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.