Vanguard Information Technology ETF (NYSEARCA:VGT) Sets New 52-Week High – Still a Buy?

Vanguard Information Technology ETF (NYSEARCA:VGT) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $610.48 and last traded at $609.44, with a volume of 268400 shares trading hands. The stock had previously closed at $603.19.

Vanguard Information Technology ETF Stock Performance

The stock’s 50 day moving average is $580.37 and its 200 day moving average is $560.30. The company has a market capitalization of $73.32 billion, a PE ratio of 36.30 and a beta of 1.41.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in VGT. Stonebridge Capital Advisors LLC bought a new position in Vanguard Information Technology ETF in the 1st quarter valued at $212,000. Diversified Trust Co bought a new position in Vanguard Information Technology ETF in the 1st quarter worth about $215,000. Kovack Advisors Inc. raised its holdings in shares of Vanguard Information Technology ETF by 3.7% in the 1st quarter. Kovack Advisors Inc. now owns 2,975 shares of the exchange traded fund’s stock valued at $1,560,000 after acquiring an additional 105 shares in the last quarter. Cornerstone Wealth Management LLC boosted its position in shares of Vanguard Information Technology ETF by 6.6% during the 1st quarter. Cornerstone Wealth Management LLC now owns 3,641 shares of the exchange traded fund’s stock valued at $1,909,000 after acquiring an additional 227 shares during the last quarter. Finally, Teamwork Financial Advisors LLC purchased a new position in shares of Vanguard Information Technology ETF during the first quarter worth about $205,000.

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).