Vanguard Information Technology ETF (NYSEARCA:VGT) Hits New 1-Year High – Still a Buy?

Vanguard Information Technology ETF (NYSEARCA:VGT)’s share price hit a new 52-week high on Thursday . The company traded as high as $118.70 and last traded at $117.38, with a volume of 4799641 shares changing hands. The stock had previously closed at $118.05.

Vanguard Information Technology ETF Stock Up 1.8%

The stock has a fifty day moving average of $101.82 and a two-hundred day moving average of $96.40. The stock has a market cap of $18.21 billion, a price-to-earnings ratio of 34.55 and a beta of 1.31.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Kingdom Financial Group LLC. acquired a new position in shares of Vanguard Information Technology ETF during the fourth quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Vanguard Information Technology ETF during the fourth quarter worth about $30,000. Wells Financial Advisors INC acquired a new position in shares of Vanguard Information Technology ETF during the fourth quarter worth about $29,000. Strategic Advocates LLC acquired a new position in shares of Vanguard Information Technology ETF during the third quarter worth about $30,000. Finally, RHL Group LLC acquired a new position in shares of Vanguard Information Technology ETF during the fourth quarter worth about $31,000.

Vanguard Information Technology ETF Company Profile

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.