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

Vanguard Information Technology ETF (NYSEARCA:VGT)’s stock price hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as $126.63 and last traded at $126.4990, with a volume of 1134380 shares changing hands. The stock had previously closed at $124.85.

Vanguard Information Technology ETF Price Performance

The firm has a market capitalization of $154.75 billion, a PE ratio of 34.55 and a beta of 1.35. The company has a fifty day moving average of $119.62 and a 200-day moving average of $111.68.

Institutional Investors Weigh In On Vanguard Information Technology ETF

Institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC boosted its holdings in Vanguard Information Technology ETF by 762.8% during the second quarter. HighTower Advisors LLC now owns 3,651,091 shares of the exchange traded fund’s stock worth $436,378,000 after purchasing an additional 3,227,909 shares during the last quarter. Florida Trust Wealth Management Co grew its holdings in shares of Vanguard Information Technology ETF by 725.8% in the 2nd quarter. Florida Trust Wealth Management Co now owns 21,736 shares of the exchange traded fund’s stock valued at $2,598,000 after acquiring an additional 19,104 shares in the last quarter. First Merchants Corp increased its position in shares of Vanguard Information Technology ETF by 744.7% in the second quarter. First Merchants Corp now owns 331,585 shares of the exchange traded fund’s stock valued at $39,631,000 after acquiring an additional 292,331 shares during the last quarter. Innovative Wealth Building LLC raised its holdings in Vanguard Information Technology ETF by 748.5% during the second quarter. Innovative Wealth Building LLC now owns 58,592 shares of the exchange traded fund’s stock worth $7,003,000 after acquiring an additional 51,687 shares in the last quarter. Finally, Clark Asset Management LLC boosted its position in Vanguard Information Technology ETF by 1,004.8% during the second quarter. Clark Asset Management LLC now owns 5,513 shares of the exchange traded fund’s stock valued at $659,000 after purchasing an additional 5,014 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.