Vanguard Information Technology ETF (NYSEARCA:VGT) Shares Cross Above Fifty Day Moving Average – What’s Next?

Vanguard Information Technology ETF (NYSEARCA:VGT)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $98.54 and traded as high as $114.90. Vanguard Information Technology ETF shares last traded at $114.49, with a volume of 3,663,789 shares trading hands.

Vanguard Information Technology ETF Stock Up 0.6%

The company has a market cap of $17.22 billion, a PE ratio of 34.55 and a beta of 1.31. The stock’s 50 day moving average is $98.54 and its 200-day moving average is $95.51.

Institutional Trading of Vanguard Information Technology ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VGT. Brighton Jones LLC raised its position in Vanguard Information Technology ETF by 34.9% in the 4th quarter. Brighton Jones LLC now owns 2,313 shares of the exchange traded fund’s stock worth $1,438,000 after purchasing an additional 598 shares during the period. AQR Capital Management LLC raised its position in Vanguard Information Technology ETF by 80.9% in the 1st quarter. AQR Capital Management LLC now owns 4,147 shares of the exchange traded fund’s stock worth $2,249,000 after purchasing an additional 1,854 shares during the period. Goldman Sachs Group Inc. raised its position in Vanguard Information Technology ETF by 0.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 112,999 shares of the exchange traded fund’s stock worth $61,288,000 after purchasing an additional 305 shares during the period. Schnieders Capital Management LLC. raised its position in Vanguard Information Technology ETF by 378.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,713 shares of the exchange traded fund’s stock worth $4,453,000 after purchasing an additional 5,309 shares during the period. Finally, First Trust Advisors LP raised its position in Vanguard Information Technology ETF by 17.9% in the 2nd quarter. First Trust Advisors LP now owns 980 shares of the exchange traded fund’s stock worth $650,000 after purchasing an additional 149 shares during the period.

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.