First Bancorp Inc ME Buys Shares of 42,384 Vanguard Information Technology ETF $VGT

First Bancorp Inc ME bought a new position in shares of Vanguard Information Technology ETF (NYSEARCA:VGT) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 42,384 shares of the exchange traded fund’s stock, valued at approximately $5,066,000. Vanguard Information Technology ETF comprises about 2.0% of First Bancorp Inc ME’s holdings, making the stock its 9th biggest position.

Other institutional investors also recently modified their holdings of the company. Capital Square LLC bought a new position in shares of Vanguard Information Technology ETF in the 2nd quarter valued at $2,034,000. Compass Financial Management LLC bought a new stake in Vanguard Information Technology ETF during the 2nd quarter worth $9,508,000. Trust Co. of Vermont bought a new stake in Vanguard Information Technology ETF during the 2nd quarter worth $6,014,000. Fourth Dimension Wealth LLC increased its holdings in Vanguard Information Technology ETF by 739.9% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 6,022 shares of the exchange traded fund’s stock worth $720,000 after purchasing an additional 5,305 shares in the last quarter. Finally, Soltis Investment Advisors LLC increased its holdings in Vanguard Information Technology ETF by 707.5% in the 2nd quarter. Soltis Investment Advisors LLC now owns 26,107 shares of the exchange traded fund’s stock worth $3,120,000 after purchasing an additional 22,874 shares in the last quarter.

Vanguard Information Technology ETF Trading Up 0.9%

Vanguard Information Technology ETF stock opened at $117.51 on Wednesday. The stock has a 50-day moving average price of $116.90 and a two-hundred day moving average price of $106.40. Vanguard Information Technology ETF has a 12 month low of $83.09 and a 12 month high of $126.00. The company has a market capitalization of $144.06 billion, a PE 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.