Penobscot Wealth Management Grows Stock Position in Vanguard Health Care ETF (NYSEARCA:VHT)

Penobscot Wealth Management lifted its position in shares of Vanguard Health Care ETF (NYSEARCA:VHT) by 6.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 12,119 shares of the company’s stock after acquiring an additional 681 shares during the quarter. Vanguard Health Care ETF makes up 1.9% of Penobscot Wealth Management’s investment portfolio, making the stock its 12th largest position. Penobscot Wealth Management’s holdings in Vanguard Health Care ETF were worth $3,198,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Vanguard Health Care ETF during the first quarter worth $27,000. Sunbelt Securities Inc. bought a new position in Vanguard Health Care ETF in the 1st quarter worth about $28,000. Scarborough Advisors LLC bought a new stake in shares of Vanguard Health Care ETF during the fourth quarter valued at about $29,000. Maryland Capital Advisors Inc. purchased a new stake in shares of Vanguard Health Care ETF in the first quarter worth about $31,000. Finally, Rosenberg Matthew Hamilton bought a new position in shares of Vanguard Health Care ETF in the second quarter valued at approximately $41,000.

Vanguard Health Care ETF Stock Performance

NYSEARCA VHT traded up $1.68 on Friday, hitting $288.15. The stock had a trading volume of 130,739 shares, compared to its average volume of 170,170. The firm has a 50-day moving average of $273.93 and a 200-day moving average of $267.33. Vanguard Health Care ETF has a 52-week low of $222.27 and a 52-week high of $288.26. The company has a market capitalization of $19.35 billion, a price-to-earnings ratio of 23.22 and a beta of 0.61.

About Vanguard Health Care ETF

Vanguard Health Care ETF seeks to track the investment performance of the MSCI US Investable Market Health Care 25/50 Index, a benchmark of large-, mid-, and small-cap United States stocks in the health care sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of two main industry groups.