Vanguard Information Technology ETF (NYSEARCA:VGT) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Vanguard Information Technology ETF (NYSEARCA:VGT)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $113.10 and traded as low as $112.80. Vanguard Information Technology ETF shares last traded at $113.86, with a volume of 4,651,580 shares changing hands.

Vanguard Information Technology ETF Stock Down 1.4%

The business has a 50-day simple moving average of $113.10 and a 200-day simple moving average of $99.83. The company has a market cap of $17.13 billion, a PE ratio of 34.55 and a beta of 1.34.

Institutional Investors Weigh In On Vanguard Information Technology ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kingdom Financial Group LLC. acquired a new stake in shares of Vanguard Information Technology ETF during the fourth quarter valued at 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 Vanguard Information Technology ETF during the 4th quarter worth approximately $29,000. Strategic Advocates LLC purchased a new position in Vanguard Information Technology ETF in the third quarter valued at $30,000. Finally, RHL Group LLC purchased a new position in shares of Vanguard Information Technology ETF in the 4th quarter valued at about $31,000.

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). 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.