Vanguard Information Technology ETF (NYSEARCA:VGT) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Vanguard Information Technology ETF (NYSEARCA:VGT) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $113.10 and traded as low as $112.80. Vanguard Information Technology ETF shares last traded at $113.86, with a volume of 4,651,580 shares changing hands.

Vanguard Information Technology ETF Stock Down 1.4%

The firm has a 50-day simple moving average of $113.10 and a 200 day simple moving average of $99.83. The company has a market cap of $17.13 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34.

Institutional Investors Weigh In On Vanguard Information Technology ETF

Hedge funds have recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in Vanguard Information Technology ETF by 34.9% in the fourth quarter. Brighton Jones LLC now owns 2,313 shares of the exchange traded fund’s stock valued at $1,438,000 after purchasing an additional 598 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Vanguard Information Technology ETF by 80.9% during the 1st quarter. AQR Capital Management LLC now owns 4,147 shares of the exchange traded fund’s stock worth $2,249,000 after buying an additional 1,854 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Vanguard Information Technology ETF by 0.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 112,999 shares of the exchange traded fund’s stock worth $61,288,000 after acquiring an additional 305 shares in the last quarter. Schnieders Capital Management LLC. grew its position in shares of Vanguard Information Technology ETF by 378.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,713 shares of the exchange traded fund’s stock worth $4,453,000 after acquiring an additional 5,309 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Vanguard Information Technology ETF by 17.9% in the 2nd quarter. First Trust Advisors LP now owns 980 shares of the exchange traded fund’s stock worth $650,000 after buying an additional 149 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.