Penobscot Wealth Management Grows Stake in Vanguard Information Technology ETF (NYSEARCA:VGT)

Penobscot Wealth Management grew its holdings in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,038 shares of the exchange traded fund’s stock after purchasing an additional 478 shares during the quarter. Vanguard Information Technology ETF comprises about 4.3% of Penobscot Wealth Management’s investment portfolio, making the stock its 5th biggest position. Penobscot Wealth Management’s holdings in Vanguard Information Technology ETF were worth $9,350,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Strategic Financial Concepts LLC lifted its position in Vanguard Information Technology ETF by 39,912.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,232,769 shares of the exchange traded fund’s stock worth $766,536,000 after acquiring an additional 1,229,688 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Vanguard Information Technology ETF in the fourth quarter valued at about $494,903,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in Vanguard Information Technology ETF by 311.5% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 674,791 shares of the exchange traded fund’s stock valued at $419,585,000 after acquiring an additional 510,798 shares during the period. JPMorgan Chase & Co. increased its stake in Vanguard Information Technology ETF by 10.0% in the third quarter. JPMorgan Chase & Co. now owns 5,494,335 shares of the exchange traded fund’s stock valued at $3,222,539,000 after acquiring an additional 501,703 shares during the period. Finally, Wealthfront Advisers LLC increased its stake in Vanguard Information Technology ETF by 621.3% in the fourth quarter. Wealthfront Advisers LLC now owns 216,100 shares of the exchange traded fund’s stock valued at $134,371,000 after acquiring an additional 186,139 shares during the period.

Vanguard Information Technology ETF Trading Up 1.5 %

Shares of Vanguard Information Technology ETF stock opened at $556.46 on Thursday. The stock has a market capitalization of $77.25 billion, a price-to-earnings ratio of 36.18 and a beta of 1.16. Vanguard Information Technology ETF has a 1-year low of $478.25 and a 1-year high of $648.76. The firm’s 50-day moving average price is $615.42 and its two-hundred day moving average price is $606.51.

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).