Vanguard Information Technology ETF (NYSEARCA:VGT) Reaches New 12-Month High – Should You Buy?

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

Vanguard Information Technology ETF Trading Down 0.2 %

The firm has a market capitalization of $81.20 billion, a PE ratio of 36.30 and a beta of 1.41. The business’s 50 day simple moving average is $627.96 and its two-hundred day simple moving average is $595.76.

Institutional Investors Weigh In On Vanguard Information Technology ETF

Several hedge funds and other institutional investors have recently modified their holdings of VGT. Thrivent Financial for Lutherans increased its stake in shares of Vanguard Information Technology ETF by 0.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 4,063 shares of the exchange traded fund’s stock worth $2,343,000 after purchasing an additional 37 shares in the last quarter. Marshall Wace LLP increased its stake in shares of Vanguard Information Technology ETF by 187.7% in the 2nd quarter. Marshall Wace LLP now owns 5,521 shares of the exchange traded fund’s stock worth $3,183,000 after purchasing an additional 3,602 shares in the last quarter. Squarepoint Ops LLC increased its stake in shares of Vanguard Information Technology ETF by 19.4% in the 2nd quarter. Squarepoint Ops LLC now owns 2,966 shares of the exchange traded fund’s stock worth $1,710,000 after purchasing an additional 481 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Vanguard Information Technology ETF by 44.2% in the 2nd quarter. AQR Capital Management LLC now owns 914 shares of the exchange traded fund’s stock worth $527,000 after purchasing an additional 280 shares in the last quarter. Finally, Drucker Wealth 3.0 LLC purchased a new stake in shares of Vanguard Information Technology ETF in the 2nd quarter worth $5,470,000.

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).