Vanguard Information Technology ETF (NYSEARCA:VGT) Sets New 1-Year High – What’s Next?

Vanguard Information Technology ETF (NYSEARCA:VGT)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $648.76 and last traded at $645.76, with a volume of 68427 shares changing hands. The stock had previously closed at $646.34.

Vanguard Information Technology ETF Stock Down 1.0 %

The company has a 50 day moving average of $629.27 and a 200 day moving average of $596.39. The stock has a market capitalization of $80.61 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of VGT. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Vanguard Information Technology ETF by 45.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 93 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 29 shares during the period. Carnegie Investment Counsel grew its stake in shares of Vanguard Information Technology ETF by 5.4% during the 4th quarter. Carnegie Investment Counsel now owns 2,269 shares of the exchange traded fund’s stock valued at $1,411,000 after buying an additional 117 shares during the period. Elevation Capital Advisory LLC acquired a new stake in shares of Vanguard Information Technology ETF during the 2nd quarter worth $1,983,000. FMR LLC raised its position in shares of Vanguard Information Technology ETF by 11.0% in the 3rd quarter. FMR LLC now owns 64,373 shares of the exchange traded fund’s stock worth $37,756,000 after buying an additional 6,396 shares during the period. Finally, Citigroup Inc. raised its position in shares of Vanguard Information Technology ETF by 21.2% in the 3rd quarter. Citigroup Inc. now owns 41,329 shares of the exchange traded fund’s stock worth $24,240,000 after buying an additional 7,223 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).