Vanguard Information Technology ETF (NYSEARCA:VGT) Reaches New 12-Month High – Should You Buy?

Vanguard Information Technology ETF (NYSEARCA:VGT) shares hit a new 52-week high during trading on Friday . The company traded as high as $648.76 and last traded at $645.76, with a volume of 68427 shares traded. The stock had previously closed at $646.34.

Vanguard Information Technology ETF Stock Performance

The stock has a market capitalization of $81.20 billion, a P/E ratio of 36.30 and a beta of 1.41. The business has a 50-day moving average price of $627.96 and a 200 day moving average price of $595.76.

Hedge Funds Weigh In On Vanguard Information Technology ETF

A number of hedge funds have recently added to or reduced their stakes in VGT. St. Johns Investment Management Company LLC purchased a new position in Vanguard Information Technology ETF in the 3rd quarter worth approximately $30,000. Peterson Financial Group Inc. purchased a new position in Vanguard Information Technology ETF in the 3rd quarter worth approximately $30,000. Brooklyn Investment Group purchased a new position in Vanguard Information Technology ETF in the 4th quarter worth approximately $30,000. Coastline Trust Co purchased a new position in Vanguard Information Technology ETF in the 3rd quarter worth approximately $32,000. Finally, Halpern Financial Inc. purchased a new stake in Vanguard Information Technology ETF during the 3rd quarter valued at $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).