Vanguard Information Technology ETF (NYSEARCA:VGT) Sets New 52-Week High – Here’s Why

Shares of Vanguard Information Technology ETF (NYSEARCA:VGT) reached a new 52-week high on Thursday . The stock traded as high as $103.05 and last traded at $103.03, with a volume of 3846414 shares. The stock had previously closed at $101.02.

Vanguard Information Technology ETF Stock Up 2.5%

The company has a market capitalization of $125.34 billion, a P/E ratio of 34.55 and a beta of 1.26. The firm has a fifty day simple moving average of $92.26 and a 200-day simple moving average of $93.83.

Institutional Trading of Vanguard Information Technology ETF

A number of large investors have recently bought and sold shares of VGT. JPMorgan Chase & Co. lifted its stake in Vanguard Information Technology ETF by 4.1% in the fourth quarter. JPMorgan Chase & Co. now owns 6,420,110 shares of the exchange traded fund’s stock valued at $4,839,352,000 after buying an additional 252,341 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Vanguard Information Technology ETF during the third quarter worth $1,680,300,000. Morgan Stanley raised its holdings in shares of Vanguard Information Technology ETF by 1.2% during the fourth quarter. Morgan Stanley now owns 2,151,255 shares of the exchange traded fund’s stock worth $1,621,574,000 after acquiring an additional 25,901 shares during the period. Wells Fargo & Company MN lifted its position in Vanguard Information Technology ETF by 1.2% in the 4th quarter. Wells Fargo & Company MN now owns 1,543,645 shares of the exchange traded fund’s stock valued at $1,163,569,000 after acquiring an additional 18,634 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in Vanguard Information Technology ETF by 3.1% in the 4th quarter. LPL Financial LLC now owns 1,301,922 shares of the exchange traded fund’s stock worth $981,363,000 after purchasing an additional 39,217 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). 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.