Vanguard Information Technology ETF (NYSEARCA:VGT) Hits New 12-Month High – Here’s What Happened

Shares of Vanguard Information Technology ETF (NYSEARCA:VGT) reached a new 52-week high during trading on Tuesday. The stock traded as high as $129.50 and last traded at $129.20, with a volume of 4152365 shares trading hands. The stock had previously closed at $128.32.

Vanguard Information Technology ETF Price Performance

The firm has a market capitalization of $158.47 billion, a P/E ratio of 34.55 and a beta of 1.34. The business’s 50-day moving average is $121.51 and its 200 day moving average is $113.29.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Vanguard Information Technology ETF by 497.4% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 233 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 194 shares during the period. Owl Creek Wealth Partners LLC increased its stake in Vanguard Information Technology ETF by 700.0% during the 2nd quarter. Owl Creek Wealth Partners LLC now owns 288 shares of the exchange traded fund’s stock worth $34,000 after acquiring an additional 252 shares during the period. Financial Network Wealth Advisors LLC increased its stake in Vanguard Information Technology ETF by 1,641.2% during the 2nd quarter. Financial Network Wealth Advisors LLC now owns 296 shares of the exchange traded fund’s stock worth $35,000 after acquiring an additional 279 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Vanguard Information Technology ETF in the 4th quarter valued at $36,000. Finally, Mosley Wealth Management raised its holdings in Vanguard Information Technology ETF by 700.0% in the 2nd quarter. Mosley Wealth Management now owns 304 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 266 shares in 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.