Vanguard Communication Services ETF (NYSEARCA:VOX) Sees Unusually-High Trading Volume – Here’s Why

Shares of Vanguard Communication Services ETF (NYSEARCA:VOX) saw an uptick in trading volume on Monday . 615,460 shares were traded during mid-day trading, an increase of 154% from the previous session’s volume of 242,349 shares.The stock last traded at $174.16 and had previously closed at $172.79.

Vanguard Communication Services ETF Stock Up 0.6%

The firm’s 50-day simple moving average is $189.75 and its 200-day simple moving average is $189.19. The firm has a market capitalization of $5.63 billion, a PE ratio of 18.46 and a beta of 1.07.

Institutional Investors Weigh In On Vanguard Communication Services ETF

Several institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its position in Vanguard Communication Services ETF by 489.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 674,664 shares of the company’s stock worth $130,635,000 after acquiring an additional 560,204 shares during the last quarter. Beacon Capital Management Inc. lifted its position 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 during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Vanguard Communication Services ETF by 204.6% during the second quarter. The Manufacturers Life Insurance Company now owns 327,317 shares of the company’s stock valued at $55,981,000 after purchasing an additional 219,842 shares during the period. Marks Wealth LLC bought a new position in shares of Vanguard Communication Services ETF in the fourth quarter worth approximately $41,093,000. Finally, PGIM Custom Harvest LLC grew its holdings in shares of Vanguard Communication Services ETF by 8.7% in the second quarter. PGIM Custom Harvest LLC now owns 1,966,879 shares of the company’s stock worth $336,395,000 after purchasing an additional 157,783 shares during the last quarter.

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.