Penobscot Investment Management Company Inc. Has $758,000 Stock Holdings in Vanguard Information Technology ETF $VGT

Penobscot Investment Management Company Inc. lifted its position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) by 700.0% during the second quarter, HoldingsChannel reports. The firm owned 6,344 shares of the exchange traded fund’s stock after buying an additional 5,551 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in Vanguard Information Technology ETF were worth $758,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its position in shares of Vanguard Information Technology ETF by 34.9% in the 4th quarter. Brighton Jones LLC now owns 2,313 shares of the exchange traded fund’s stock valued at $1,438,000 after buying an additional 598 shares in the last quarter. AQR Capital Management LLC raised its stake in Vanguard Information Technology ETF by 80.9% during the 1st quarter. AQR Capital Management LLC now owns 4,147 shares of the exchange traded fund’s stock worth $2,249,000 after buying an additional 1,854 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Vanguard Information Technology ETF by 0.3% during the first quarter. Goldman Sachs Group Inc. now owns 112,999 shares of the exchange traded fund’s stock worth $61,288,000 after acquiring an additional 305 shares in the last quarter. Schnieders Capital Management LLC. lifted its holdings in Vanguard Information Technology ETF by 378.1% during the second quarter. Schnieders Capital Management LLC. now owns 6,713 shares of the exchange traded fund’s stock worth $4,453,000 after acquiring an additional 5,309 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in Vanguard Information Technology ETF by 17.9% in the second quarter. First Trust Advisors LP now owns 980 shares of the exchange traded fund’s stock valued at $650,000 after acquiring an additional 149 shares during the period.

Vanguard Information Technology ETF Trading Down 2.2%

NYSEARCA:VGT opened at $119.79 on Wednesday. Vanguard Information Technology ETF has a 1 year low of $83.09 and a 1 year high of $126.00. The stock has a 50-day moving average price of $116.78 and a two-hundred day moving average price of $105.53. The stock has a market cap of $146.85 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34.

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). This GICS sector is made up of companies in three areas: technology software and services, including companies that develop software in various fields (such as the Internet, applications, systems, databases, and/or home entertainment), and companies that provide information technology consulting and services, data processing, and outsourced services; technology hardware and equipment, including manufacturers and distributors of communications equipment, computers and peripherals and electronic equipment, and semiconductors and semiconductor equipment manufacturers.