Vanguard Information Technology ETF (NYSEARCA:VGT) Reaches New 1-Year High – What’s Next?

Shares of Vanguard Information Technology ETF (NYSEARCA:VGT) hit a new 52-week high on Thursday . The company traded as high as $114.14 and last traded at $114.01, with a volume of 447730 shares traded. The stock had previously closed at $113.45.

Vanguard Information Technology ETF Price Performance

The stock has a market capitalization of $17.32 billion, a PE ratio of 34.55 and a beta of 1.31. The company has a 50 day moving average price of $95.86 and a 200-day moving average price of $94.90.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Uptick Partners LLC raised its stake in Vanguard Information Technology ETF by 2.6% in the third quarter. Uptick Partners LLC now owns 518 shares of the exchange traded fund’s stock worth $387,000 after buying an additional 13 shares in the last quarter. 49 Wealth Management LLC boosted its position in Vanguard Information Technology ETF by 3.7% during the 3rd quarter. 49 Wealth Management LLC now owns 362 shares of the exchange traded fund’s stock valued at $270,000 after acquiring an additional 13 shares in the last quarter. Center For Asset Management LLC boosted its position in Vanguard Information Technology ETF by 4.4% during the 4th quarter. Center For Asset Management LLC now owns 334 shares of the exchange traded fund’s stock valued at $252,000 after acquiring an additional 14 shares in the last quarter. Roman Butler Fullerton & Co. grew its holdings in shares of Vanguard Information Technology ETF by 2.4% during the 4th quarter. Roman Butler Fullerton & Co. now owns 587 shares of the exchange traded fund’s stock worth $442,000 after acquiring an additional 14 shares during the period. Finally, Plancorp LLC raised its position in shares of Vanguard Information Technology ETF by 0.7% in the 4th quarter. Plancorp LLC now owns 2,099 shares of the exchange traded fund’s stock worth $1,582,000 after acquiring an additional 14 shares in the last quarter.

About Vanguard Information Technology ETF

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.