PNC Financial Services Group Inc. Has $10.31 Million Stake in Vanguard Communication Services ETF $VOX

PNC Financial Services Group Inc. lowered its stake in Vanguard Communication Services ETF (NYSEARCA:VOX) by 7.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 57,345 shares of the company’s stock after selling 4,612 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Vanguard Communication Services ETF were worth $10,313,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Assetmark Inc. boosted its stake in Vanguard Communication Services ETF by 53.8% during the fourth quarter. Assetmark Inc. now owns 191,337 shares of the company’s stock worth $37,049,000 after acquiring an additional 66,915 shares in the last quarter. Diversify Wealth Management LLC acquired a new stake in Vanguard Communication Services ETF in the fourth quarter worth $535,000. Cornerstone National Bank & Trust Co bought a new stake in Vanguard Communication Services ETF in the fourth quarter valued at $673,000. Ameritas Advisory Services LLC increased its stake in Vanguard Communication Services ETF by 5,825.9% in the fourth quarter. Ameritas Advisory Services LLC now owns 128,828 shares of the company’s stock valued at $24,945,000 after purchasing an additional 126,654 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Vanguard Communication Services ETF by 21.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 37,798 shares of the company’s stock valued at $7,319,000 after purchasing an additional 6,683 shares during the period.

Vanguard Communication Services ETF Trading Up 0.6%

Shares of NYSEARCA VOX opened at $179.81 on Friday. The firm has a market capitalization of $5.53 billion, a P/E ratio of 18.46 and a beta of 1.05. The firm’s 50-day moving average price is $189.28 and its 200-day moving average price is $190.44. Vanguard Communication Services ETF has a 1-year low of $170.83 and a 1-year high of $200.77.

Vanguard Communication Services ETF 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.