Shares of Vanguard Information Technology ETF (NYSEARCA:VGT – Get Free Report) reached a new 52-week high on Friday . The company traded as high as $115.78 and last traded at $115.73, with a volume of 287162 shares trading hands. The stock had previously closed at $114.49.
Vanguard Information Technology ETF Price Performance
The firm has a market cap of $17.44 billion, a P/E ratio of 34.55 and a beta of 1.31. The stock’s 50-day simple moving average is $98.54 and its two-hundred day simple moving average is $95.51.
Institutional Investors Weigh In On Vanguard Information Technology ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vestor Capital LLC bought a new position in Vanguard Information Technology ETF during the 1st quarter worth about $70,000. J. Derek Lewis & Associates Inc. grew its holdings in Vanguard Information Technology ETF by 11.3% during the 1st quarter. J. Derek Lewis & Associates Inc. now owns 1,042 shares of the exchange traded fund’s stock worth $727,000 after acquiring an additional 106 shares in the last quarter. Western Wealth Management LLC grew its holdings in Vanguard Information Technology ETF by 22.3% during the 1st quarter. Western Wealth Management LLC now owns 20,460 shares of the exchange traded fund’s stock worth $14,275,000 after acquiring an additional 3,729 shares in the last quarter. Orographic Financial Advisors LLC bought a new position in Vanguard Information Technology ETF during the 1st quarter worth about $3,927,000. Finally, Silicon Valley Capital Partners grew its holdings in Vanguard Information Technology ETF by 1.5% during the 1st quarter. Silicon Valley Capital Partners now owns 95,830 shares of the exchange traded fund’s stock worth $66,863,000 after acquiring an additional 1,420 shares in the last quarter.
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.
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