Truist Financial Corp Sells 19,308 Shares of Vanguard Communication Services ETF $VOX

Truist Financial Corp lessened its stake in Vanguard Communication Services ETF (NYSEARCA:VOX) by 11.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 147,355 shares of the company’s stock after selling 19,308 shares during the quarter. Truist Financial Corp owned 0.48% of Vanguard Communication Services ETF worth $27,663,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VOX. PGIM Custom Harvest LLC increased its holdings in Vanguard Communication Services ETF by 8.7% during the second quarter. PGIM Custom Harvest LLC now owns 1,966,879 shares of the company’s stock worth $336,395,000 after buying an additional 157,783 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Vanguard Communication Services ETF by 6.2% during the 2nd quarter. Bank of America Corp DE now owns 1,787,362 shares of the company’s stock worth $305,692,000 after purchasing an additional 103,889 shares in the last quarter. Beacon Capital Management Inc. raised its stake in Vanguard Communication Services ETF by 192.8% in the second quarter. Beacon Capital Management Inc. now owns 759,842 shares of the company’s stock valued at $129,956,000 after purchasing an additional 500,292 shares in the last quarter. Foundations Investment Advisors LLC lifted its position in Vanguard Communication Services ETF by 4.4% during the second quarter. Foundations Investment Advisors LLC now owns 401,827 shares of the company’s stock worth $68,725,000 after purchasing an additional 17,069 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in Vanguard Communication Services ETF by 9.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 331,114 shares of the company’s stock valued at $56,621,000 after buying an additional 27,293 shares during the period.

Vanguard Communication Services ETF Stock Performance

Shares of VOX stock opened at $200.36 on Friday. Vanguard Communication Services ETF has a fifty-two week low of $129.33 and a fifty-two week high of $200.77. The stock’s fifty day moving average price is $192.67 and its two-hundred day moving average price is $185.55. The company has a market cap of $6.49 billion, a PE ratio of 18.46 and a beta of 1.07.

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.