Vanguard Information Technology ETF $VGT Shares Sold by Beacon Capital Management Inc.

Beacon Capital Management Inc. reduced its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 13.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 167,340 shares of the exchange traded fund’s stock after selling 26,382 shares during the quarter. Vanguard Information Technology ETF accounts for about 6.0% of Beacon Capital Management Inc.’s holdings, making the stock its 2nd biggest holding. Beacon Capital Management Inc. owned approximately 0.11% of Vanguard Information Technology ETF worth $124,941,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Laurel Wealth Advisors LLC lifted its holdings in shares of Vanguard Information Technology ETF by 210,235.8% in the second quarter. Laurel Wealth Advisors LLC now owns 1,487,074 shares of the exchange traded fund’s stock worth $986,346,000 after acquiring an additional 1,486,367 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in Vanguard Information Technology ETF during the 2nd quarter worth approximately $773,405,000. CHURCHILL MANAGEMENT Corp acquired a new position in Vanguard Information Technology ETF during the 2nd quarter worth approximately $454,530,000. PGIM Custom Harvest LLC lifted its stake in Vanguard Information Technology ETF by 48.7% in the 2nd quarter. PGIM Custom Harvest LLC now owns 781,415 shares of the exchange traded fund’s stock valued at $518,297,000 after purchasing an additional 255,787 shares during the last quarter. Finally, Orion Porfolio Solutions LLC boosted its position in Vanguard Information Technology ETF by 2,925.1% in the second quarter. Orion Porfolio Solutions LLC now owns 152,433 shares of the exchange traded fund’s stock valued at $101,106,000 after buying an additional 147,394 shares in the last quarter.

Vanguard Information Technology ETF Stock Performance

Shares of NYSEARCA:VGT opened at $767.17 on Friday. Vanguard Information Technology ETF has a 52-week low of $451.00 and a 52-week high of $806.99. The company has a market capitalization of $113.50 billion, a PE ratio of 34.55 and a beta of 1.25. The company has a fifty day moving average of $761.43 and a 200-day moving average of $719.26.

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.