Vanguard Information Technology ETF (NYSEARCA:VGT) Experiences Notable Trading Activity – Is It a Buy?

The Vanguard Information Technology ETF (NYSEARCA:VGT – Get Free Report) experienced a significant shift in trading volume on Tuesday, with a total of 274,376 shares being traded. This marks a decline of 41% from the previous session's volume of 464,328 shares. The stock is currently priced at $627.46, slightly down from its last close of $627.57.

Price Performance of Vanguard Information Technology ETF

The ETF's recent performance shows a 50-day moving average price of $621.37, while its two-hundred day moving average stands at $590.79. The fund has a market capitalization of $78.73 billion, with a price-to-earnings (P/E) ratio of 36.30 and a beta of 1.41, indicating a higher volatility compared to the market.

Institutional Investors and Their Activities

Recently, several hedge funds have modified their holdings in the Vanguard Information Technology ETF. For instance, St. Johns Investment Management Company LLC invested in VGT during the third quarter, acquiring a new position valued at approximately $30,000. Similarly, Peterson Financial Group Inc. and Coastline Trust Co each made new stakes amounting to around $30,000 and $32,000, respectively. Bell Investment Advisors Inc. and Halpern Financial Inc. are other institutional players that bought into Vanguard Information Technology ETF during the past quarters with investments valued around $33,000.

Profile of Vanguard Information Technology ETF

This ETF is designed to replicate the investment performance of the MSCI US Investable Market Information Technology 25/50 Index. This benchmark includes large-, mid-, and small-cap stocks categorized under the Global Industry Classification Standard (GICS) within the information technology sector.

Conclusion and Further Insights

The recent changes in trading volume and institutional investments in the Vanguard Information Technology ETF indicate a dynamic period for the fund. Investors should consider these factors, along with the ETF's price performance, when evaluating potential investment opportunities.

ETF, Trading, Investment