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

Vanguard Communication Services ETF (NYSEARCA:VOX) saw strong trading volume on Tuesday. Approximately 932,950 shares traded hands during trading, an increase of 249% from the previous session’s volume of 267,085 shares. The stock last traded at $188.8420 and had previously closed at $189.01.

Vanguard Communication Services ETF Price Performance

The firm has a market cap of $5.97 billion, a P/E ratio of 18.46 and a beta of 1.05. The stock’s 50-day simple moving average is $190.02 and its two-hundred day simple moving average is $190.07.

Hedge Funds Weigh In On Vanguard Communication Services ETF

A number of large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake 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 worth $86,627,000 after purchasing an additional 63,964 shares in the last quarter. Manning & Napier Advisors LLC raised its holdings in Vanguard Communication Services ETF by 152.1% in the first 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 in the last quarter. Timbuktu Capital Management LLC purchased a new stake in shares of Vanguard Communication Services ETF during the second quarter valued at about $711,000. Lido Advisors LLC lifted its position in shares of Vanguard Communication Services ETF by 7.9% during the first quarter. Lido Advisors LLC now owns 187,528 shares of the company’s stock valued at $33,725,000 after buying an additional 13,756 shares during the last quarter. Finally, Tranquilli Financial Advisor LLC boosted its holdings 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 valued at $3,280,000 after buying an additional 11,518 shares in 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.