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

Vanguard Communication Services ETF (NYSEARCA:VOX) saw unusually-high trading volume on Tuesday. 932,950 shares traded hands during mid-day 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 Trading Down 0.7%

The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 18.46 and a beta of 1.05. The firm has a 50 day moving average price of $190.12 and a two-hundred day moving average price of $190.16.

Institutional Investors Weigh In On Vanguard Communication Services ETF

Several institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. boosted its stake in shares of 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 purchasing an additional 63,964 shares during the period. Manning & Napier Advisors LLC grew 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 valued at $781,000 after purchasing an additional 2,619 shares in the last quarter. Timbuktu Capital Management LLC acquired a new stake in Vanguard Communication Services ETF during the 2nd quarter valued at $711,000. Lido Advisors LLC increased its stake in Vanguard Communication Services ETF by 7.9% during the 1st quarter. Lido Advisors LLC now owns 187,528 shares of the company’s stock worth $33,725,000 after buying an additional 13,756 shares during the period. Finally, Tranquilli Financial Advisor LLC increased its stake in Vanguard Communication Services ETF by 182.5% during the 2nd quarter. Tranquilli Financial Advisor LLC now owns 17,830 shares of the company’s stock worth $3,280,000 after buying an additional 11,518 shares during the period.

About Vanguard Communication Services ETF

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.