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

Vanguard Information Technology ETF (NYSEARCA:VGT) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $726.63 and last traded at $726.63, with a volume of 407570 shares. The stock had previously closed at $719.57.

Vanguard Information Technology ETF Stock Performance

The company’s 50 day moving average price is $692.93 and its 200 day moving average price is $619.65. The company has a market cap of $103.15 billion, a price-to-earnings ratio of 34.55 and a beta of 1.16.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in shares of Vanguard Information Technology ETF by 1.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,192,082 shares of the exchange traded fund’s stock worth $4,107,085,000 after purchasing an additional 66,303 shares during the last quarter. Laurel Wealth Advisors LLC increased its stake in shares of Vanguard Information Technology ETF by 210,235.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,487,074 shares of the exchange traded fund’s stock worth $986,346,000 after purchasing an additional 1,486,367 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of Vanguard Information Technology ETF during the 2nd quarter worth $773,405,000. Raymond James Financial Inc. grew its stake in Vanguard Information Technology ETF by 6.5% in the 2nd quarter. Raymond James Financial Inc. now owns 839,978 shares of the exchange traded fund’s stock valued at $557,140,000 after buying an additional 51,543 shares during the last quarter. Finally, PGIM Custom Harvest LLC grew its stake in Vanguard Information Technology ETF by 48.7% in the 2nd quarter. PGIM Custom Harvest LLC now owns 781,415 shares of the exchange traded fund’s stock valued at $518,297,000 after buying an additional 255,787 shares during 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).