Vanguard Information Technology ETF (NYSEARCA:VGT) Reaches New 12-Month High – Should You Buy?

Vanguard Information Technology ETF (NYSEARCA:VGT)’s stock price reached a new 52-week high on Monday . The stock 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 Stock Performance

The firm has a market capitalization of $78.40 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41. The company has a 50-day moving average of $596.82 and a 200-day moving average of $573.88.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VGT. Wulff Hansen & CO. lifted its position in Vanguard Information Technology ETF by 56,640.2% in the 2nd quarter. Wulff Hansen & CO. now owns 5,340,953 shares of the exchange traded fund’s stock valued at $3,079,540,000 after acquiring an additional 5,331,540 shares in the last quarter. Strategic Financial Concepts LLC lifted its holdings in shares of Vanguard Information Technology ETF by 54,658.6% in the second quarter. Strategic Financial Concepts LLC now owns 1,506,958 shares of the exchange traded fund’s stock valued at $868,897,000 after purchasing an additional 1,504,206 shares in the last quarter. Liberty Wealth Management LLC boosted its position in shares of Vanguard Information Technology ETF by 6,873.3% during the second quarter. Liberty Wealth Management LLC now owns 312,055 shares of the exchange traded fund’s stock worth $179,928,000 after buying an additional 307,580 shares during the period. Cetera Investment Advisers grew its holdings in shares of Vanguard Information Technology ETF by 665.9% during the first quarter. Cetera Investment Advisers now owns 236,855 shares of the exchange traded fund’s stock worth $124,193,000 after buying an additional 205,928 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its holdings in shares of Vanguard Information Technology ETF by 263.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 170,957 shares of the exchange traded fund’s stock worth $98,572,000 after buying an additional 123,866 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).