Vanguard Information Technology ETF (NYSEARCA:VGT) Reaches New 12-Month High – Here’s Why

Posted by Doug Madison on Dec 19th, 2024

Shares of Vanguard Information Technology ETF (NYSEARCA:VGT – Get Free Report) hit a new 52-week high 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 Performance

The firm has a 50-day moving average of $615.91 and a 200-day moving average of $585.94. The firm has a market capitalization of $78.23 billion, a P/E ratio of 36.30 and a beta of 1.41.

Hedge Funds Weigh In On Vanguard Information Technology ETF

A number of hedge funds have recently modified their holdings of VGT. Legacy Wealth Management LLC MS purchased a new position in shares of Vanguard Information Technology ETF during the third quarter valued at approximately $1,051,000. Copley Financial Group Inc. bought a new stake in Vanguard Information Technology ETF in the third quarter valued at $38,000. Peapack Gladstone Financial Corp increased its position in Vanguard Information Technology ETF by 0.6% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 79,335 shares of the exchange traded fund’s stock valued at $46,532,000 after purchasing an additional 457 shares during the period. Synovus Financial Corp raised its holdings in Vanguard Information Technology ETF by 91.3% in the 3rd quarter. Synovus Financial Corp now owns 26,626 shares of the exchange traded fund’s stock worth $15,619,000 after purchasing an additional 12,708 shares in the last quarter. Finally, Tidal Investments LLC purchased a new stake in shares of Vanguard Information Technology ETF in the 3rd quarter worth about $2,094,000.

About Vanguard Information Technology ETF

(Get Free Report)

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).