Vanguard Information Technology ETF (NYSEARCA:VGT) Hits New 1-Year High – Should You Buy?

Vanguard Information Technology ETF (NYSEARCA:VGT)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $627.57 and last traded at $626.84, with a volume of 63322 shares trading hands. The stock had previously closed at $621.58.

Vanguard Information Technology ETF Price Performance

The stock has a market capitalization of $78.47 billion, a P/E ratio of 36.30 and a beta of 1.41. The company’s 50 day simple moving average is $599.08 and its two-hundred day simple moving average is $575.38.

Institutional Investors Weigh In On Vanguard Information Technology ETF

A number of large investors have recently bought and sold shares of VGT. Wulff Hansen & CO. increased its stake in shares of Vanguard Information Technology ETF by 56,640.2% in the second quarter. Wulff Hansen & CO. now owns 5,340,953 shares of the exchange traded fund’s stock valued at $3,079,540,000 after buying an additional 5,331,540 shares in the last quarter. Strategic Financial Concepts LLC grew its holdings in Vanguard Information Technology ETF by 54,658.6% during the 2nd quarter. Strategic Financial Concepts LLC now owns 1,506,958 shares of the exchange traded fund’s stock worth $868,897,000 after acquiring an additional 1,504,206 shares during the last quarter. LPL Financial LLC increased its position in Vanguard Information Technology ETF by 2.3% in the 3rd quarter. LPL Financial LLC now owns 1,188,742 shares of the exchange traded fund’s stock valued at $697,221,000 after acquiring an additional 26,845 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Vanguard Information Technology ETF by 3.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 506,703 shares of the exchange traded fund’s stock worth $292,185,000 after acquiring an additional 17,933 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Vanguard Information Technology ETF by 1.0% during the second quarter. Envestnet Asset Management Inc. now owns 501,842 shares of the exchange traded fund’s stock worth $289,357,000 after purchasing an additional 4,910 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).