The Vanguard Group's Schedule 13G Filing for First United Corp
The Vanguard Group has filed a Schedule 13G with the SEC, disclosing its ownership of 344,627 shares of First United Corp's common stock, representing 5.31% of the total shares outstanding. The filing indicates that The Vanguard Group has shared voting power over 2,505 shares and shared dispositive power over 4,755 shares. The remaining shares are held with sole dispositive power. The Vanguard Group, a Pennsylvania-based investment advisor, has reported that these shares are held on behalf of its clients, including investment companies and managed accounts. The filing also certifies that the shares were acquired and are held in the ordinary course of business and not for the purpose of influencing the control of the issuer. The filing is made pursuant to Rule 13d-1(b) and is signed by Ashley Grim, Head of Global Fund Administration, on behalf of The Vanguard Group.