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

Vanguard Information Technology ETF (NYSEARCA:VGT) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $118.70 and last traded at $117.38, with a volume of 4799641 shares changing hands. The stock had previously closed at $118.05.

Vanguard Information Technology ETF Trading Down 0.6%

The firm has a 50 day moving average price of $100.64 and a 200-day moving average price of $96.06. The firm has a market cap of $17.66 billion, a PE ratio of 34.55 and a beta of 1.31.

Hedge Funds Weigh In On Vanguard Information Technology ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kingdom Financial Group LLC. purchased a new position in shares of Vanguard Information Technology ETF in the 4th quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Vanguard Information Technology ETF during the 4th quarter worth about $30,000. Wells Financial Advisors INC acquired a new stake in shares of Vanguard Information Technology ETF during the 4th quarter worth about $29,000. Strategic Advocates LLC acquired a new stake in shares of Vanguard Information Technology ETF during the 3rd quarter worth about $30,000. Finally, First Command Advisory Services Inc. acquired a new stake in shares of Vanguard Information Technology ETF during the 3rd quarter worth about $31,000.

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). 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.