Vanguard Communication Services ETF (NYSEARCA:VOX) Hits New 12-Month High – What’s Next?

Shares of Vanguard Communication Services ETF (NYSEARCA:VOX) reached 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 trading hands. The stock had previously closed at $193.06.

Vanguard Communication Services ETF Stock Performance

The business has a 50 day simple moving average of $188.91 and a two-hundred day simple moving average of $182.33. The firm has a market capitalization of $6.23 billion, a P/E ratio of 18.46 and a beta of 1.07.

Hedge Funds Weigh In On Vanguard Communication Services ETF

Several institutional investors have recently modified their holdings of VOX. PGIM Custom Harvest LLC lifted its holdings in shares of Vanguard Communication Services ETF by 1.6% in the 3rd quarter. PGIM Custom Harvest LLC now owns 1,998,409 shares of the company’s stock worth $375,161,000 after acquiring an additional 31,530 shares during the last quarter. Bank of America Corp DE increased its position in shares of Vanguard Communication Services ETF by 0.4% in the third quarter. Bank of America Corp DE now owns 1,795,262 shares of the company’s stock valued at $337,025,000 after acquiring an additional 7,900 shares during the period. Beacon Capital Management Inc. raised its stake in shares of Vanguard Communication Services ETF by 192.8% during the second quarter. Beacon Capital Management Inc. now owns 759,842 shares of the company’s stock valued at $129,956,000 after acquiring an additional 500,292 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Vanguard Communication Services ETF during the second quarter worth about $92,319,000. Finally, Foundations Investment Advisors LLC increased its holdings in Vanguard Communication Services ETF by 4.4% during the 2nd quarter. Foundations Investment Advisors LLC now owns 401,827 shares of the company’s stock valued at $68,725,000 after purchasing an additional 17,069 shares during the period.

Vanguard Communication Services ETF Company Profile

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.