Vanguard Information Technology ETF $VGT is Beacon Capital Management Inc.’s 5th Largest Position

Beacon Capital Management Inc. increased its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 193.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 193,722 shares of the exchange traded fund’s stock after buying an additional 127,702 shares during the quarter. Vanguard Information Technology ETF makes up 6.6% of Beacon Capital Management Inc.’s portfolio, making the stock its 5th biggest position. Beacon Capital Management Inc.’s holdings in Vanguard Information Technology ETF were worth $128,492,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VGT. China Universal Asset Management Co. Ltd. increased its holdings in shares of Vanguard Information Technology ETF by 110.5% during the second quarter. China Universal Asset Management Co. Ltd. now owns 40 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 21 shares in the last quarter. Semmax Financial Advisors Inc. bought a new position in Vanguard Information Technology ETF in the 2nd quarter worth about $31,000. Kilter Group LLC purchased a new stake in Vanguard Information Technology ETF during the 2nd quarter valued at about $37,000. Sawyer & Company Inc purchased a new stake in Vanguard Information Technology ETF during the 2nd quarter valued at about $38,000. Finally, Rice Partnership LLC bought a new stake in Vanguard Information Technology ETF during the 2nd quarter valued at about $40,000.

Vanguard Information Technology ETF Stock Performance

Shares of Vanguard Information Technology ETF stock opened at $753.93 on Monday. The company has a 50-day simple moving average of $761.46 and a two-hundred day simple moving average of $711.09. The stock has a market capitalization of $111.54 billion, a PE ratio of 34.55 and a beta of 1.25. Vanguard Information Technology ETF has a 52-week low of $451.00 and a 52-week high of $806.99.

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).