Beacon Capital Management LLC Raises Holdings in Vanguard Information Technology ETF (NYSEARCA:VGT)

Beacon Capital Management LLC boosted its stake in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 14.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,125 shares of the exchange traded fund’s stock after buying an additional 1,266 shares during the period. Vanguard Information Technology ETF accounts for about 1.2% of Beacon Capital Management LLC’s investment portfolio, making the stock its 11th biggest holding. Beacon Capital Management LLC’s holdings in Vanguard Information Technology ETF were worth $4,477,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of VGT. JPMorgan Chase & Co. lifted its position in Vanguard Information Technology ETF by 36.8% during the fourth quarter. JPMorgan Chase & Co. now owns 6,305,682 shares of the exchange traded fund’s stock valued at $2,014,099,000 after acquiring an additional 1,696,758 shares during the last quarter. Moneta Group Investment Advisors LLC grew its stake in Vanguard Information Technology ETF by 73,743.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,635,747 shares of the exchange traded fund’s stock worth $1,800,114,000 after buying an additional 5,628,115 shares during the last quarter. Varma Mutual Pension Insurance Co increased its position in Vanguard Information Technology ETF by 67.4% during the 4th quarter. Varma Mutual Pension Insurance Co now owns 1,178,424 shares of the exchange traded fund’s stock valued at $376,400,000 after buying an additional 474,296 shares in the last quarter. Gateway Advisory LLC increased its position in Vanguard Information Technology ETF by 38,447.0% during the 1st quarter. Gateway Advisory LLC now owns 920,502 shares of the exchange traded fund’s stock valued at $921,000 after buying an additional 918,114 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Vanguard Information Technology ETF by 41.3% in the first quarter. Envestnet Asset Management Inc. now owns 422,513 shares of the exchange traded fund’s stock valued at $162,866,000 after buying an additional 123,448 shares during the last quarter.

Vanguard Information Technology ETF Trading Down 0.9 %

Shares of VGT stock traded down $3.74 during trading hours on Tuesday, reaching $424.33. 70,675 shares of the company’s stock were exchanged, compared to its average volume of 588,385. Vanguard Information Technology ETF has a 1 year low of $291.61 and a 1 year high of $462.97. The stock has a market cap of $50.68 billion, a PE ratio of 24.70 and a beta of 1.16. The stock’s fifty day moving average price is $438.53 and its two-hundred day moving average price is $410.49.

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).