Vanguard Information Technology ETF (NYSEARCA:VGT) Shares Break Below Two Hundred Day Moving Average – Here’s What Happened

Vanguard Information Technology ETF (NYSEARCA:VGT)’s share price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $109.65 and traded as low as $106.89. Vanguard Information Technology ETF shares last traded at $107.06, with a volume of 16,058,280 shares changing hands.

Vanguard Information Technology ETF Stock Performance

The firm’s 50 day moving average is $122.10 and its 200-day moving average is $109.65. The firm has a market cap of $131.69 billion, a price-to-earnings ratio of 34.55 and a beta of 1.36.

Hedge Funds Weigh In On Vanguard Information Technology ETF

Institutional investors have recently bought and sold shares of the stock. Vestor Capital LLC acquired a new stake in Vanguard Information Technology ETF in the 1st quarter worth approximately $70,000. Robinswood Financial LLC acquired a new position in Vanguard Information Technology ETF during the first quarter valued at approximately $80,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Vanguard Information Technology ETF by 497.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 233 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 194 shares during the last quarter. Kaizen Financial Strategies acquired a new position in Vanguard Information Technology ETF during the first quarter valued at approximately $188,000. Finally, Kings Path Partners LLC acquired a new position in Vanguard Information Technology ETF during the third quarter valued at approximately $34,000.

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). This GICS sector is made up of companies in three areas: technology software and services, including companies that develop software in various fields (such as the Internet, applications, systems, databases, and/or home entertainment), and companies that provide information technology consulting and services, data processing, and outsourced services; technology hardware and equipment, including manufacturers and distributors of communications equipment, computers and peripherals and electronic equipment, and semiconductors and semiconductor equipment manufacturers.