Vanguard Information Technology ETF (NYSEARCA:VGT) Sees Strong Trading Volume – Still a Buy?

Shares of Vanguard Information Technology ETF (NYSEARCA:VGT) saw an uptick in trading volume on Tuesday . 274,376 shares traded hands during mid-day trading, a decline of 41% from the previous session’s volume of 464,328 shares.The stock last traded at $627.46 and had previously closed at $627.57.

Vanguard Information Technology ETF Trading Down 0.9 %

The business’s 50-day simple moving average is $622.18 and its two-hundred day simple moving average is $591.30. The firm has a market cap of $78.30 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41.

Hedge Funds Weigh In On Vanguard Information Technology ETF

Several hedge funds and other institutional investors have recently bought and sold shares of VGT. Wulff Hansen & CO. lifted its stake in Vanguard Information Technology ETF by 56,640.2% in the second quarter. Wulff Hansen & CO. now owns 5,340,953 shares of the exchange traded fund’s stock valued at $3,079,540,000 after buying an additional 5,331,540 shares during the period. Strategic Financial Concepts LLC lifted its position in shares of Vanguard Information Technology ETF by 54,658.6% during the 2nd quarter. Strategic Financial Concepts LLC now owns 1,506,958 shares of the exchange traded fund’s stock valued at $868,897,000 after acquiring an additional 1,504,206 shares during the period. JPMorgan Chase & Co. boosted its stake in Vanguard Information Technology ETF by 10.0% during the third quarter. JPMorgan Chase & Co. now owns 5,494,335 shares of the exchange traded fund’s stock worth $3,222,539,000 after acquiring an additional 501,703 shares in the last quarter. Liberty Wealth Management LLC grew its holdings in Vanguard Information Technology ETF by 6,873.3% in the second quarter. Liberty Wealth Management LLC now owns 312,055 shares of the exchange traded fund’s stock worth $179,928,000 after purchasing an additional 307,580 shares during the period. Finally, Mercer Global Advisors Inc. ADV grew its holdings in Vanguard Information Technology ETF by 263.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 170,957 shares of the exchange traded fund’s stock worth $98,572,000 after purchasing an additional 123,866 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).