Vanguard Communication Services ETF (NYSEARCA:VOX) Sees Large Volume Increase – What’s Next?

Vanguard Communication Services ETF (NYSEARCA:VOX) shares saw an uptick in trading volume on Thursday. 1,017,437 shares were traded during trading, an increase of 258% from the average daily volume of 284,584 shares. The stock last traded at $175.2690 and had previously closed at $178.78.

Vanguard Communication Services ETF Trading Down 1.7%

The firm has a market capitalization of $5.56 billion, a P/E ratio of 18.46 and a beta of 1.09. The company has a 50-day moving average of $188.10 and a 200-day moving average of $189.24.

Institutional Investors Weigh In On Vanguard Communication Services ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its holdings in Vanguard Communication Services ETF by 15.7% in the second quarter. Envestnet Asset Management Inc. now owns 470,925 shares of the company’s stock valued at $86,627,000 after acquiring an additional 63,964 shares during the last quarter. Manning & Napier Advisors LLC raised its holdings in Vanguard Communication Services ETF by 152.1% during the 1st quarter. Manning & Napier Advisors LLC now owns 4,341 shares of the company’s stock worth $781,000 after purchasing an additional 2,619 shares during the last quarter. Timbuktu Capital Management LLC bought a new position in Vanguard Communication Services ETF during the 2nd quarter worth approximately $711,000. Tranquilli Financial Advisor LLC lifted its position in shares of Vanguard Communication Services ETF by 182.5% in the 2nd quarter. Tranquilli Financial Advisor LLC now owns 17,830 shares of the company’s stock worth $3,280,000 after purchasing an additional 11,518 shares during the period. Finally, Lido Advisors LLC lifted its position in shares of Vanguard Communication Services ETF by 7.9% in the 1st quarter. Lido Advisors LLC now owns 187,528 shares of the company’s stock worth $33,725,000 after purchasing an additional 13,756 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.