Vanguard Information Technology ETF (NYSEARCA:VGT) Shares to Split on Tuesday, April 21st

Vanguard Information Technology ETF (NYSEARCA:VGT) shares are set to split on Tuesday, April 21st. The 8-1 split was announced on Thursday, March 26th. The newly minted shares will be payable to shareholders after the closing bell on Monday, April 20th.

Vanguard Information Technology ETF Price Performance

Shares of VGT opened at $712.65 on Friday. The company has a market cap of $107.34 billion, a PE ratio of 34.55 and a beta of 1.25. The business has a fifty day moving average of $728.66 and a 200 day moving average of $747.34. Vanguard Information Technology ETF has a 52-week low of $451.00 and a 52-week high of $806.99.

Institutional Investors Weigh In On Vanguard Information Technology ETF

Several institutional investors have recently made changes to their positions in the company. Caprock Group LLC purchased a new position in shares of Vanguard Information Technology ETF during the third quarter worth approximately $4,314,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Vanguard Information Technology ETF by 98.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,326 shares of the exchange traded fund’s stock valued at $4,723,000 after purchasing an additional 3,138 shares during the period. AMI Investment Management Inc. boosted its holdings in shares of Vanguard Information Technology ETF by 4.2% in the third quarter. AMI Investment Management Inc. now owns 67,199 shares of the exchange traded fund’s stock valued at $50,173,000 after purchasing an additional 2,726 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its stake in Vanguard Information Technology ETF by 2.8% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 739,730 shares of the exchange traded fund’s stock worth $552,305,000 after purchasing an additional 20,182 shares in the last quarter. Finally, Empirical Asset Management LLC grew its stake in Vanguard Information Technology ETF by 2,020.4% in the third quarter. Empirical Asset Management LLC now owns 24,681 shares of the exchange traded fund’s stock worth $18,428,000 after purchasing an additional 23,517 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.