Vanguard Information Technology ETF (NYSEARCA:VGT) Sets New 1-Year High – Time to Buy?

Shares of Vanguard Information Technology ETF (NYSEARCA:VGT) reached a new 52-week high during trading on Monday . The stock traded as high as $646.84 and last traded at $646.58, with a volume of 307053 shares changing hands. The stock had previously closed at $640.43.

Vanguard Information Technology ETF Stock Down 3.5 %

The stock has a market cap of $78.23 billion, a P/E ratio of 36.30 and a beta of 1.41. The business’s 50 day simple moving average is $615.91 and its two-hundred day simple moving average is $585.94.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. St. Johns Investment Management Company LLC bought a new stake in Vanguard Information Technology ETF during the 3rd quarter valued at $30,000. Peterson Financial Group Inc. bought a new stake in shares of Vanguard Information Technology ETF during the third quarter worth about $30,000. Coastline Trust Co acquired a new stake in shares of Vanguard Information Technology ETF in the 3rd quarter worth about $32,000. Bell Investment Advisors Inc bought a new position in Vanguard Information Technology ETF in the 2nd quarter valued at about $33,000. Finally, Halpern Financial Inc. acquired a new position in Vanguard Information Technology ETF during the 3rd quarter valued at about $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).