Vanguard Information Technology ETF (NYSEARCA:VGT) Shares Cross Above Fifty Day Moving Average – What’s Next?

Vanguard Information Technology ETF (NYSEARCA:VGT) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $98.54 and traded as high as $114.90. Vanguard Information Technology ETF shares last traded at $114.49, with a volume of 3,663,789 shares traded.

Vanguard Information Technology ETF Price Performance

The firm has a market capitalization of $17.22 billion, a P/E ratio of 34.55 and a beta of 1.31. The stock’s 50-day simple moving average is $98.54 and its two-hundred day simple moving average is $95.51.

Hedge Funds Weigh In On Vanguard Information Technology ETF

A number of hedge funds have recently modified their holdings of the company. Bank of America Corp DE boosted its position in shares of Vanguard Information Technology ETF by 1.6% during the first quarter. Bank of America Corp DE now owns 15,105,780 shares of the exchange traded fund’s stock worth $10,539,605,000 after acquiring an additional 241,421 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Vanguard Information Technology ETF by 4.1% during the fourth quarter. JPMorgan Chase & Co. now owns 6,420,110 shares of the exchange traded fund’s stock worth $4,839,352,000 after acquiring an additional 252,341 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Vanguard Information Technology ETF during the third quarter worth $1,680,300,000. Morgan Stanley boosted its position 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 last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Vanguard Information Technology ETF by 1.2% during the fourth quarter. Wells Fargo & Company MN now owns 1,543,645 shares of the exchange traded fund’s stock worth $1,163,569,000 after acquiring an additional 18,634 shares during the last quarter.

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.