Vanguard Communication Services ETF (NYSEARCA:VOX) Hits New 12-Month High – Should You Buy?
by Doug Wharley · The Cerbat GemVanguard Communication Services ETF (NYSEARCA:VOX – Get Free Report)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $195.32 and last traded at $195.00, with a volume of 71397 shares changing hands. The stock had previously closed at $193.06.
Vanguard Communication Services ETF Trading Down 0.4%
The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 18.46 and a beta of 1.07. The stock’s 50 day moving average is $189.14 and its two-hundred day moving average is $182.85.
Hedge Funds Weigh In On Vanguard Communication Services ETF
Several institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. grew its holdings in Vanguard Communication Services ETF by 22.5% in the second quarter. Osaic Holdings Inc. now owns 60,385 shares of the company’s stock valued at $10,287,000 after purchasing an additional 11,101 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Vanguard Communication Services ETF by 14.6% in the second quarter. Farther Finance Advisors LLC now owns 4,588 shares of the company’s stock valued at $785,000 after purchasing an additional 586 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Vanguard Communication Services ETF by 3.8% in the second quarter. D.A. Davidson & CO. now owns 8,160 shares of the company’s stock valued at $1,396,000 after purchasing an additional 300 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Vanguard Communication Services ETF in the second quarter valued at approximately $404,000. Finally, McAdam LLC grew its position in shares of Vanguard Communication Services ETF by 4.4% in the second quarter. McAdam LLC now owns 1,760 shares of the company’s stock valued at $301,000 after purchasing an additional 74 shares during the last quarter.
About Vanguard Communication Services ETF
Vanguard Telecommunication Services ETF (the Fund) seeks to track the performance of a benchmark index that measures the investment return of telecommunication services stocks. The Fund seeks to track the performance of the MSCI US Investable Market Telecommunication Services 25/50 Index. The MSCI US Investable Market Telecommunication Services 25/50 Index includes stocks of the United States companies within the telecommunication services sector. The sector is made up of companies that provide communications services primarily through fixed-line, cellular, wireless, high-bandwidth, and/or fiber-optic cable networks.