Someone Just Bet $288 Million on Tech Stocks
- Volume in Vanguard’s VGT ETF spiked to highest in three months
- Growth stocks, like technology companies, have led the rally
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As the S&P 500 gauge of U.S. stocks heads for a record close Tuesday, at least one investor in exchange-traded funds is positioning for a bigger bull run.
More than $288 million shares in the $20.1 billion Vanguard Information Technology ETF, known as VGT, crossed the tape at 11:42 a.m. in New York, lifting trading in the fund to the highest in more than three months, data compiled by Bloomberg show.