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

Vanguard Information Technology ETF (NYSEARCA:VGT) hit a new 52-week high on Thursday . The stock traded as high as $118.70 and last traded at $117.38, with a volume of 4799641 shares traded. The stock had previously closed at $118.05.

Vanguard Information Technology ETF Stock Performance

The firm has a market cap of $17.66 billion, a price-to-earnings ratio of 34.55 and a beta of 1.31. The firm has a 50-day moving average price of $100.64 and a two-hundred day moving average price of $96.06.

Institutional Investors Weigh In On Vanguard Information Technology ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Uptick Partners LLC raised its position in shares of Vanguard Information Technology ETF by 2.6% during the 3rd quarter. Uptick Partners LLC now owns 518 shares of the exchange traded fund’s stock worth $387,000 after acquiring an additional 13 shares in the last quarter. 49 Wealth Management LLC raised its position in shares of Vanguard Information Technology ETF by 3.7% during the 3rd quarter. 49 Wealth Management LLC now owns 362 shares of the exchange traded fund’s stock worth $270,000 after acquiring an additional 13 shares in the last quarter. Center For Asset Management LLC increased its position in Vanguard Information Technology ETF by 4.4% during the fourth quarter. Center For Asset Management LLC now owns 334 shares of the exchange traded fund’s stock worth $252,000 after buying an additional 14 shares during the period. Roman Butler Fullerton & Co. increased its position in Vanguard Information Technology ETF by 2.4% during the fourth quarter. Roman Butler Fullerton & Co. now owns 587 shares of the exchange traded fund’s stock worth $442,000 after buying an additional 14 shares during the period. Finally, Plancorp LLC increased its position in Vanguard Information Technology ETF by 0.7% during the fourth quarter. Plancorp LLC now owns 2,099 shares of the exchange traded fund’s stock worth $1,582,000 after buying an additional 14 shares during the period.

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.