Beacon Capital Management Inc. Sells 15,864 Shares of Vanguard Information Technology ETF (NYSEARCA:VGT)

Beacon Capital Management Inc. decreased its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 268,680 shares of the exchange traded fund’s stock after selling 15,864 shares during the quarter. Vanguard Information Technology ETF comprises 7.2% of Beacon Capital Management Inc.’s holdings, making the stock its 5th largest holding. Beacon Capital Management Inc.’s holdings in Vanguard Information Technology ETF were worth $167,065,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of VGT. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Vanguard Information Technology ETF by 45.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 93 shares of the exchange traded fund’s stock valued at $58,000 after purchasing an additional 29 shares in the last quarter. Principal Securities Inc. lifted its stake in Vanguard Information Technology ETF by 20.4% during the 4th quarter. Principal Securities Inc. now owns 667 shares of the exchange traded fund’s stock valued at $415,000 after acquiring an additional 113 shares in the last quarter. Carnegie Investment Counsel boosted its holdings in Vanguard Information Technology ETF by 5.4% during the 4th quarter. Carnegie Investment Counsel now owns 2,269 shares of the exchange traded fund’s stock worth $1,411,000 after acquiring an additional 117 shares during the last quarter. FMR LLC grew its stake in shares of Vanguard Information Technology ETF by 11.0% in the 3rd quarter. FMR LLC now owns 64,373 shares of the exchange traded fund’s stock worth $37,756,000 after acquiring an additional 6,396 shares in the last quarter. Finally, Atlantic Family Wealth LLC purchased a new stake in shares of Vanguard Information Technology ETF in the fourth quarter valued at about $4,181,000.

Vanguard Information Technology ETF Stock Performance

Vanguard Information Technology ETF stock opened at $562.71 on Friday. The stock has a market cap of $78.37 billion, a PE ratio of 33.62 and a beta of 1.17. Vanguard Information Technology ETF has a fifty-two week low of $478.25 and a fifty-two week high of $648.76. The firm’s 50-day simple moving average is $607.14 and its 200 day simple moving average is $605.77.

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).