Vanguard Communication Services ETF $VOX Shares Sold by Exchange Capital Management Inc.

Exchange Capital Management Inc. reduced its stake in Vanguard Communication Services ETF (NYSEARCA:VOX) by 2.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 50,313 shares of the company’s stock after selling 1,215 shares during the period. Vanguard Communication Services ETF accounts for approximately 1.3% of Exchange Capital Management Inc.’s investment portfolio, making the stock its 20th largest position. Exchange Capital Management Inc.’s holdings in Vanguard Communication Services ETF were worth $8,605,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Hanson & Doremus Investment Management acquired a new position in Vanguard Communication Services ETF in the first quarter valued at about $25,000. Larson Financial Group LLC acquired a new position in shares of Vanguard Communication Services ETF in the 1st quarter worth approximately $30,000. Maseco LLP acquired a new position in shares of Vanguard Communication Services ETF in the 2nd quarter worth approximately $31,000. Harbor Investment Advisory LLC acquired a new stake in Vanguard Communication Services ETF in the 1st quarter valued at approximately $61,000. Finally, Rossby Financial LCC purchased a new stake in Vanguard Communication Services ETF in the first quarter valued at approximately $82,000.

Vanguard Communication Services ETF Stock Up 0.2%

VOX opened at $186.13 on Friday. Vanguard Communication Services ETF has a 52 week low of $129.33 and a 52 week high of $192.83. The business has a fifty day simple moving average of $181.60 and a 200-day simple moving average of $165.10. The firm has a market cap of $5.79 billion, a P/E ratio of 18.46 and a beta of 1.04.

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.