Vanguard Information Technology ETF (NYSEARCA:VGT – Get Free Report ) hit a new 52-week high during midday trading on Friday. The company’s shares traded as high as $594.93 and last traded at $593.80 on volume of 53,491 shares. The stock previously closed at $592.89.
Vanguard Information Technology ETF shares up 0.5%
The company’s 50-day moving average is $548.96 and its 200-day moving average is $520.22. The company has a market capitalization of $75.04 billion, a price-to-earnings ratio of 36.30 and a beta of 1.41.
Institutional Investors Turn to Vanguard Information Technology ETF
A number of institutional investors have recently modified their holdings in the business. Morgan Stanley increased its holdings in the Vanguard Information Technology ETF by 1.3% in the third quarter. Morgan Stanley now owns 1,861,916 shares of the exchange-traded fund valued at $772.509 million. It purchased an additional 23,227 shares in the last quarter. UBS Group AG increased its holdings in the Vanguard Information Technology ETF by 1.8% in the fourth quarter. UBS Group AG now owns 1,762,372 shares of the exchange-traded fund valued at $852.988 million. It purchased an additional 31,323 shares in the last quarter. International Asset Investment Management LLC acquired new shares of Vanguard Information Technology ETF in the fourth quarter, valued at approximately $692,917,000. Stifel Financial Corporation increased its holdings in Vanguard Information Technology ETF by 4.3% in the fourth quarter. Stifel Financial Corporation now owns 362,743 shares of the exchange-traded fund worth $175,581,000 after purchasing an additional 14,861 shares in the last quarter. Finally, Beacon Capital Management increased its holdings in Vanguard Information Technology ETF by 189.0% in the first quarter. Beacon Capital Management now owns 317,241 shares of the exchange traded fund’s stock valued at $166,685,000 after acquiring an additional 207,468 shares in the last quarter.
About Vanguard Information Technology ETF
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Vanguard Information Technology ETF seeks to track the investment performance of the MSCI US Investable Market Information Technology 25/50 Index, a benchmark of U.S. large-, mid-, and small-cap companies in the information technology sector as classified under the Global Industry Classification Standard (GICS).
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