Vanguard Communication Services ETF (NYSEARCA:VOX) Reaches New 12-Month High – Here’s Why

Shares of Vanguard Communication Services ETF (NYSEARCA:VOX) hit a new 52-week high on Tuesday . The company traded as high as $156.18 and last traded at $156.04, with a volume of 31947 shares trading hands. The stock had previously closed at $155.19.

Vanguard Communication Services ETF Stock Performance

The company has a market cap of $4.72 billion, a price-to-earnings ratio of 21.15 and a beta of 1.20. The firm’s 50 day simple moving average is $144.94 and its 200-day simple moving average is $138.98.

Hedge Funds Weigh In On Vanguard Communication Services ETF

A number of institutional investors and hedge funds have recently bought and sold shares of VOX. FMR LLC increased its holdings in shares of Vanguard Communication Services ETF by 13.6% in the third quarter. FMR LLC now owns 5,079 shares of the company’s stock valued at $738,000 after purchasing an additional 607 shares during the last quarter. D.A. Davidson & CO. raised its stake in Vanguard Communication Services ETF by 3.1% during the third quarter. D.A. Davidson & CO. now owns 7,227 shares of the company’s stock worth $1,051,000 after purchasing an additional 214 shares during the period. Private Trust Co. NA grew its stake in shares of Vanguard Communication Services ETF by 40.5% in the 3rd quarter. Private Trust Co. NA now owns 773 shares of the company’s stock valued at $112,000 after buying an additional 223 shares during the period. Crewe Advisors LLC acquired a new stake in shares of Vanguard Communication Services ETF during the 3rd quarter worth approximately $330,000. Finally, Larson Financial Group LLC acquired a new stake in Vanguard Communication Services ETF during the third quarter worth $64,000.

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.