Vanguard Information Technology ETF (NYSEARCA:VGT) Stock Passes Above 50-Day Moving Average – What’s Next?

Vanguard Information Technology ETF (NYSEARCA:VGT) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $98.54 and traded as high as $114.90. Vanguard Information Technology ETF shares last traded at $114.49, with a volume of 3,663,789 shares changing hands.

Vanguard Information Technology ETF Stock Performance

The stock has a market capitalization of $17.41 billion, a price-to-earnings ratio of 34.55 and a beta of 1.31. The company has a fifty day simple moving average of $99.02 and a two-hundred day simple moving average of $95.65.

Hedge Funds Weigh In On Vanguard Information Technology ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Uptick Partners LLC raised its holdings in Vanguard Information Technology ETF by 2.6% in the 3rd quarter. Uptick Partners LLC now owns 518 shares of the exchange traded fund’s stock valued at $387,000 after acquiring an additional 13 shares in the last quarter. 49 Wealth Management LLC raised its holdings in Vanguard Information Technology ETF by 3.7% in 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 raised its holdings in Vanguard Information Technology ETF by 4.4% in 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. raised its holdings in Vanguard Information Technology ETF by 2.4% in the 4th quarter. Roman Butler Fullerton & Co. now owns 587 shares of the exchange traded fund’s stock valued at $442,000 after acquiring an additional 14 shares in the last quarter. Finally, Plancorp LLC raised its holdings in 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 valued at $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.