Vanguard Information Technology ETF (NYSEARCA:VGT) Sets New 1-Year High – What’s Next?

Vanguard Information Technology ETF (NYSEARCA:VGT) reached a new 52-week high on Thursday . The stock traded as high as $114.14 and last traded at $114.01, with a volume of 447730 shares trading hands. The stock had previously closed at $113.45.

Vanguard Information Technology ETF Price Performance

The company has a 50 day moving average of $95.86 and a two-hundred day moving average of $94.90. The company has a market capitalization of $17.32 billion, a PE ratio of 34.55 and a beta of 1.31.

Institutional Trading of Vanguard Information Technology ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Caprock Group LLC purchased a new position in Vanguard Information Technology ETF in the 3rd quarter worth about $4,314,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Vanguard Information Technology ETF by 2.8% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 739,730 shares of the exchange traded fund’s stock valued at $552,305,000 after acquiring an additional 20,182 shares during the last quarter. Empirical Asset Management LLC grew its stake in shares of Vanguard Information Technology ETF by 2,020.4% in 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 period. Advyzon Investment Management LLC grew its stake in shares of Vanguard Information Technology ETF by 65.2% in the third quarter. Advyzon Investment Management LLC now owns 1,873 shares of the exchange traded fund’s stock worth $1,398,000 after acquiring an additional 739 shares during the period. Finally, Assetmark Inc. raised its holdings in shares of Vanguard Information Technology ETF by 28.0% during the third quarter. Assetmark Inc. now owns 85,174 shares of the exchange traded fund’s stock valued at $63,594,000 after purchasing an additional 18,642 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.