Vanguard Information Technology ETF (NYSEARCA:VGT) Sets New 12-Month High – Time to Buy?

Vanguard Information Technology ETF (NYSEARCA:VGT)’s share price reached a new 52-week high on Monday . The company traded as high as $627.58 and last traded at $627.34, with a volume of 90207 shares traded. The stock had previously closed at $622.25.

Vanguard Information Technology ETF Stock Up 0.5 %

The firm has a market cap of $79.53 billion, a P/E ratio of 36.30 and a beta of 1.41. The company’s 50 day simple moving average is $603.79 and its 200-day simple moving average is $578.70.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VGT. St. Johns Investment Management Company LLC bought a new position in Vanguard Information Technology ETF during the 3rd quarter worth about $30,000. Peterson Financial Group Inc. purchased a new position in Vanguard Information Technology ETF during the third quarter valued at approximately $30,000. Triad Wealth Partners LLC bought a new position in Vanguard Information Technology ETF in the second quarter worth approximately $32,000. Coastline Trust Co purchased a new stake in Vanguard Information Technology ETF during the third quarter worth $32,000. Finally, Bell Investment Advisors Inc bought a new stake in Vanguard Information Technology ETF during the 2nd quarter valued at $33,000.

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).