Vanguard Information Technology ETF (NYSEARCA:VGT) Sets New 12-Month High – Time to Buy?

Vanguard Information Technology ETF (NYSEARCA:VGT)’s stock price reached a new 52-week high on Friday . The company traded as high as $115.78 and last traded at $115.73, with a volume of 287162 shares changing hands. The stock had previously closed at $114.49.

Vanguard Information Technology ETF Stock Performance

The firm has a market capitalization of $17.44 billion, a P/E ratio of 34.55 and a beta of 1.31. The business’s fifty day moving average price is $98.54 and its two-hundred day moving average price is $95.51.

Institutional Trading of Vanguard Information Technology ETF

A number of institutional investors have recently modified their holdings of the company. Uptick Partners LLC boosted its holdings in shares of Vanguard Information Technology ETF by 2.6% in the 3rd quarter. Uptick Partners LLC now owns 518 shares of the exchange traded fund’s stock valued at $387,000 after buying an additional 13 shares in the last quarter. 49 Wealth Management LLC raised its position in shares of Vanguard Information Technology ETF by 3.7% in the 3rd quarter. 49 Wealth Management LLC now owns 362 shares of the exchange traded fund’s stock valued at $270,000 after purchasing an additional 13 shares during the last quarter. Center For Asset Management LLC raised its position in shares of Vanguard Information Technology ETF by 4.4% in the 4th quarter. Center For Asset Management LLC now owns 334 shares of the exchange traded fund’s stock valued at $252,000 after purchasing an additional 14 shares during the last quarter. Roman Butler Fullerton & Co. raised its position in shares of Vanguard Information Technology ETF by 2.4% in the 4th quarter. Roman Butler Fullerton & Co. now owns 587 shares of the exchange traded fund’s stock valued at $442,000 after purchasing an additional 14 shares during the last quarter. Finally, Plancorp LLC raised its position in shares of Vanguard Information Technology ETF by 0.7% in the 4th quarter. Plancorp LLC now owns 2,099 shares of the exchange traded fund’s stock valued at $1,582,000 after purchasing an additional 14 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.