Beacon Capital Management Inc. Sells 26,382 Shares of Vanguard Information Technology ETF $VGT

Beacon Capital Management Inc. trimmed its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 13.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 167,340 shares of the exchange traded fund’s stock after selling 26,382 shares during the period. Vanguard Information Technology ETF comprises approximately 6.0% of Beacon Capital Management Inc.’s investment portfolio, making the stock its 2nd biggest position. Beacon Capital Management Inc.’s holdings in Vanguard Information Technology ETF were worth $124,941,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of VGT. Brighton Jones LLC boosted its holdings in Vanguard Information Technology ETF by 34.9% in the fourth quarter. Brighton Jones LLC now owns 2,313 shares of the exchange traded fund’s stock valued at $1,438,000 after acquiring an additional 598 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Vanguard Information Technology ETF in the 1st quarter worth approximately $56,000. Hsbc Holdings PLC acquired a new position in shares of Vanguard Information Technology ETF in the 1st quarter worth approximately $267,000. Gerber Kawasaki Wealth & Investment Management boosted its stake in shares of Vanguard Information Technology ETF by 55.2% in the 1st quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,625 shares of the exchange traded fund’s stock valued at $882,000 after purchasing an additional 578 shares during the last quarter. Finally, Titleist Asset Management LLC boosted its stake in shares of Vanguard Information Technology ETF by 20.7% in the 1st quarter. Titleist Asset Management LLC now owns 12,863 shares of the exchange traded fund’s stock valued at $6,976,000 after purchasing an additional 2,210 shares during the last quarter.

Vanguard Information Technology ETF Trading Up 0.1%

Shares of Vanguard Information Technology ETF stock opened at $767.17 on Friday. The business has a 50-day moving average price of $761.43 and a two-hundred day moving average price of $719.26. Vanguard Information Technology ETF has a 1-year low of $451.00 and a 1-year high of $806.99. The company has a market cap of $113.50 billion, a P/E ratio of 34.55 and a beta of 1.25.

Vanguard Information Technology ETF 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). 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.