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

Vanguard Information Technology ETF (NYSEARCA:VGT) shares hit a new 52-week high on Tuesday . The stock traded as high as $610.48 and last traded at $609.44, with a volume of 268400 shares traded. The stock had previously closed at $603.19.

Vanguard Information Technology ETF Stock Down 3.3 %

The stock’s 50 day moving average is $580.37 and its 200-day moving average is $560.30. The company has a market cap of $73.32 billion, a PE ratio of 36.30 and a beta of 1.41.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VGT. Advisor Resource Council bought a new stake in Vanguard Information Technology ETF during the third quarter worth approximately $455,000. JNBA Financial Advisors increased its position in shares of Vanguard Information Technology ETF by 1.8% during the 3rd quarter. JNBA Financial Advisors now owns 4,680 shares of the exchange traded fund’s stock valued at $2,745,000 after purchasing an additional 84 shares during the last quarter. Guidance Point Advisors LLC increased its position in shares of Vanguard Information Technology ETF by 3.7% during the 3rd quarter. Guidance Point Advisors LLC now owns 532 shares of the exchange traded fund’s stock valued at $312,000 after purchasing an additional 19 shares during the last quarter. Catalina Capital Group LLC raised its holdings in Vanguard Information Technology ETF by 23.0% during the 3rd quarter. Catalina Capital Group LLC now owns 663 shares of the exchange traded fund’s stock valued at $389,000 after buying an additional 124 shares during the period. Finally, Avidian Wealth Enterprises LLC lifted its position in Vanguard Information Technology ETF by 3.4% in the third quarter. Avidian Wealth Enterprises LLC now owns 7,305 shares of the exchange traded fund’s stock worth $4,285,000 after buying an additional 239 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).