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

Vanguard Information Technology ETF (NYSEARCA:VGT) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $126.17 and last traded at $125.8780, with a volume of 763620 shares changing hands. The stock had previously closed at $125.56.

Vanguard Information Technology ETF Trading Up 0.2%

The company’s 50-day simple moving average is $118.36 and its 200-day simple moving average is $110.24. The stock has a market capitalization of $154.06 billion, a price-to-earnings ratio of 34.55 and a beta of 1.35.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Vanguard Information Technology ETF by 497.4% in the 2nd 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 last quarter. RHL Group LLC bought a new position in shares of Vanguard Information Technology ETF during the fourth quarter worth about $31,000. Owl Creek Wealth Partners LLC lifted its stake in shares of Vanguard Information Technology ETF by 700.0% in the second 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 lifted its stake in shares of Vanguard Information Technology ETF by 1,641.2% in the second 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. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Vanguard Information Technology ETF in the fourth quarter valued at approximately $36,000.

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.