Vanguard Information Technology ETF (NYSEARCA:VGT) Reaches New 12-Month High – Here’s What Happened

Vanguard Information Technology ETF (NYSEARCA:VGT) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $807.39 and last traded at $806.77, with a volume of 268210 shares traded. The stock had previously closed at $791.94.

Vanguard Information Technology ETF Stock Up 1.7%

The firm has a market cap of $121.17 billion, a price-to-earnings ratio of 34.55 and a beta of 1.26. The company’s 50-day moving average price is $729.21 and its 200-day moving average price is $748.06.

Vanguard Information Technology ETF shares are set to split on the morning of Tuesday, April 21st. The 8-1 split was announced on Thursday, March 26th. The newly minted shares will be distributed to shareholders after the closing bell on Monday, April 20th.

Institutional Trading of Vanguard Information Technology ETF

Several hedge funds have recently made changes to their positions in VGT. Caprock Group LLC purchased a new position in shares of Vanguard Information Technology ETF during the third quarter worth approximately $4,314,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Vanguard Information Technology ETF by 98.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,326 shares of the exchange traded fund’s stock worth $4,723,000 after acquiring an additional 3,138 shares during the last quarter. AMI Investment Management Inc. grew its position in shares of Vanguard Information Technology ETF by 4.2% during the third quarter. AMI Investment Management Inc. now owns 67,199 shares of the exchange traded fund’s stock worth $50,173,000 after acquiring an additional 2,726 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Vanguard Information Technology ETF by 2.8% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 739,730 shares of the exchange traded fund’s stock worth $552,305,000 after acquiring an additional 20,182 shares during the last quarter. Finally, Empirical Asset Management LLC grew its position in shares of Vanguard Information Technology ETF by 2,020.4% during the third quarter. Empirical Asset Management LLC now owns 24,681 shares of the exchange traded fund’s stock worth $18,428,000 after acquiring an additional 23,517 shares during 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.