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

Shares of Vanguard Information Technology ETF (NYSEARCA:VGT) hit a new 52-week high on Friday . The stock traded as high as $807.39 and last traded at $806.77, with a volume of 268210 shares changing hands. The stock had previously closed at $791.94.

Vanguard Information Technology ETF Stock Up 1.7%

The stock’s 50-day simple moving average is $729.21 and its 200 day simple moving average is $748.06. The company has a market cap of $121.17 billion, a price-to-earnings ratio of 34.55 and a beta of 1.26.

Shares of Vanguard Information Technology ETF are set to split on the morning of Tuesday, April 21st. The 8-1 split was announced on Thursday, March 26th. The newly issued shares will be payable to shareholders after the market closes on Monday, April 20th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Kingdom Financial Group LLC. acquired a new position in Vanguard Information Technology ETF in the fourth quarter valued at about $27,000. Wells Financial Advisors INC acquired a new stake in shares of Vanguard Information Technology ETF during the fourth quarter worth about $29,000. Strategic Advocates LLC acquired a new stake in shares of Vanguard Information Technology ETF during the third quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Vanguard Information Technology ETF during the fourth quarter worth about $30,000. Finally, First Command Advisory Services Inc. acquired a new stake in shares of Vanguard Information Technology ETF during the third quarter worth about $31,000.

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.