Vanguard Communication Services ETF (NYSEARCA:VOX) Hits New 12-Month Low – Here’s What Happened

Vanguard Communication Services ETF (NYSEARCA:VOX)’s share price hit a new 52-week low during trading on Thursday. The company traded as low as $172.23 and last traded at $174.2390, with a volume of 56,968 shares changing hands. The stock had previously closed at $177.46.

Vanguard Communication Services ETF Trading Down 1.5%

The firm has a market capitalization of $5.42 billion, a price-to-earnings ratio of 18.46 and a beta of 1.05. The business’s fifty day moving average price is $188.86 and its 200 day moving average price is $189.53.

Institutional Investors Weigh In On Vanguard Communication Services ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sageworth Trust Co purchased a new stake in Vanguard Communication Services ETF during the third quarter worth $203,000. Provenance Wealth Advisors LLC purchased a new position in shares of Vanguard Communication Services ETF in the third quarter valued at $57,000. Next Level Wealth Planning LLC purchased a new position in shares of Vanguard Communication Services ETF in the third quarter valued at $39,000. LJI Wealth Management LLC increased its position in shares of Vanguard Communication Services ETF by 12.3% in the third quarter. LJI Wealth Management LLC now owns 1,615 shares of the company’s stock valued at $308,000 after buying an additional 177 shares in the last quarter. Finally, Modera Wealth Management LLC raised its stake in shares of Vanguard Communication Services ETF by 17.0% during the 3rd quarter. Modera Wealth Management LLC now owns 4,504 shares of the company’s stock worth $858,000 after buying an additional 654 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.