Vanguard Information Technology ETF (NYSEARCA:VGT) Sees Unusually-High Trading Volume – Here’s Why

Shares of Vanguard Information Technology ETF (NYSEARCA:VGT) saw unusually-strong trading volume on Tuesday . Approximately 274,376 shares were traded during trading, a decline of 41% from the previous session’s volume of 464,328 shares.The stock last traded at $627.46 and had previously closed at $627.57.

Vanguard Information Technology ETF Stock Performance

The company has a market capitalization of $78.73 billion, a PE ratio of 36.30 and a beta of 1.41. The business’s 50-day moving average is $621.37 and its 200-day moving average is $590.79.

Institutional Trading of Vanguard Information Technology ETF

Several institutional investors have recently added to or reduced their stakes in VGT. JPMorgan Chase & Co. increased its position in Vanguard Information Technology ETF by 10.0% during the third quarter. JPMorgan Chase & Co. now owns 5,494,335 shares of the exchange traded fund’s stock valued at $3,222,539,000 after acquiring an additional 501,703 shares during the last quarter. Wulff Hansen & CO. raised its position in Vanguard Information Technology ETF by 56,640.2% in the second quarter. Wulff Hansen & CO. now owns 5,340,953 shares of the exchange traded fund’s stock worth $3,079,540,000 after acquiring an additional 5,331,540 shares during the period. Strategic Financial Concepts LLC grew its position in shares of Vanguard Information Technology ETF by 54,658.6% during the 2nd quarter. Strategic Financial Concepts LLC now owns 1,506,958 shares of the exchange traded fund’s stock valued at $868,897,000 after acquiring an additional 1,504,206 shares during the period. LPL Financial LLC raised its holdings in Vanguard Information Technology ETF by 2.3% in the 3rd quarter. LPL Financial LLC now owns 1,188,742 shares of the exchange traded fund’s stock worth $697,221,000 after purchasing an additional 26,845 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Vanguard Information Technology ETF by 3.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 506,703 shares of the exchange traded fund’s stock valued at $292,185,000 after purchasing an additional 17,933 shares in the last quarter.

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).