Beacon Capital Management LLC Sells 1,595 Shares of Vanguard Information Technology ETF $VGT

Beacon Capital Management LLC lowered its position in Vanguard Information Technology ETF (NYSEARCA:VGT) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,878 shares of the exchange traded fund’s stock after selling 1,595 shares during the period. Vanguard Information Technology ETF comprises approximately 2.7% of Beacon Capital Management LLC’s holdings, making the stock its 8th largest position. Beacon Capital Management LLC’s holdings in Vanguard Information Technology ETF were worth $19,321,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in VGT. Cassaday & Co Wealth Management LLC raised its stake in shares of Vanguard Information Technology ETF by 8.8% during the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 2,203 shares of the exchange traded fund’s stock worth $1,645,000 after buying an additional 178 shares in the last quarter. Wealthcare Advisory Partners LLC grew its holdings in Vanguard Information Technology ETF by 1.8% during the third quarter. Wealthcare Advisory Partners LLC now owns 9,781 shares of the exchange traded fund’s stock worth $7,303,000 after acquiring an additional 169 shares during the period. Bedel Financial Consulting Inc. grew its holdings in Vanguard Information Technology ETF by 8.8% during the third quarter. Bedel Financial Consulting Inc. now owns 974 shares of the exchange traded fund’s stock worth $727,000 after acquiring an additional 79 shares during the period. Rothschild Investment LLC raised its position in Vanguard Information Technology ETF by 27.0% in the third quarter. Rothschild Investment LLC now owns 1,083 shares of the exchange traded fund’s stock worth $809,000 after acquiring an additional 230 shares in the last quarter. Finally, Merit Financial Group LLC lifted its holdings in Vanguard Information Technology ETF by 35.0% in the third quarter. Merit Financial Group LLC now owns 23,473 shares of the exchange traded fund’s stock valued at $17,526,000 after acquiring an additional 6,084 shares during the period.

Vanguard Information Technology ETF Stock Up 0.2%

Shares of VGT opened at $730.80 on Tuesday. Vanguard Information Technology ETF has a 52-week low of $451.00 and a 52-week high of $806.99. The company has a 50-day simple moving average of $753.93 and a 200-day simple moving average of $742.47. The company has a market capitalization of $109.36 billion, a PE 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.