Penobscot Investment Management Company Inc. Boosts Stake in Vanguard Mid-Cap ETF (NYSEARCA:VO)

Penobscot Investment Management Company Inc. grew its holdings in Vanguard Mid-Cap ETF (NYSEARCA:VO) by 2.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,533 shares of the company’s stock after buying an additional 57 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Vanguard Mid-Cap ETF were worth $669,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of VO. Wagner Wealth Management LLC purchased a new position in shares of Vanguard Mid-Cap ETF during the 4th quarter worth approximately $26,000. Mainstream Capital Management LLC purchased a new position in shares of Vanguard Mid-Cap ETF during the fourth quarter worth $33,000. AlphaMark Advisors LLC purchased a new position in shares of Vanguard Mid-Cap ETF during the fourth quarter worth $34,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Vanguard Mid-Cap ETF in the third quarter valued at $35,000. Finally, Raleigh Capital Management Inc. raised its holdings in shares of Vanguard Mid-Cap ETF by 907.1% in the 4th quarter. Raleigh Capital Management Inc. now owns 141 shares of the company’s stock valued at $37,000 after buying an additional 127 shares during the period.

Vanguard Mid-Cap ETF Trading Down 0.6 %

VO opened at $263.35 on Thursday. The firm has a market cap of $261.24 billion, a price-to-earnings ratio of 21.44 and a beta of 1.11. The stock’s 50-day moving average price is $269.71 and its 200 day moving average price is $269.14. Vanguard Mid-Cap ETF has a 12-month low of $234.18 and a 12-month high of $285.60.

Vanguard Mid-Cap ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be given a dividend of $1.1671 per share. The ex-dividend date is Thursday, March 27th. This is a boost from Vanguard Mid-Cap ETF’s previous dividend of $0.93.

Vanguard Mid-Cap ETF Profile

Vanguard Mid-Cap ETF is an exchange-traded fund. Vanguard Mid-Cap Index Fund seeks to track the performance of the MSCI US Mid Cap 450 Index representing medium-size United States firms. The portfolio holds all stocks in the same capitalization weighting as the index. The Vanguard Group, Inc, through its Quantitative Equity Group, serves as the investment advisor of the Fund.