Vanguard Communication Services ETF (NYSEARCA:VOX) Sets New 52-Week High – Time to Buy?

Vanguard Communication Services ETF (NYSEARCA:VOX)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $164.25 and last traded at $164.17, with a volume of 37787 shares. The stock had previously closed at $163.10.

Vanguard Communication Services ETF Price Performance

The company has a 50-day moving average of $158.15 and a two-hundred day moving average of $147.74. The stock has a market capitalization of $5.06 billion, a PE ratio of 21.15 and a beta of 1.20.

Institutional Investors Weigh In On Vanguard Communication Services ETF

A number of hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC grew its stake in Vanguard Communication Services ETF by 46,542.4% during the 3rd quarter. International Assets Investment Management LLC now owns 451,498 shares of the company’s stock valued at $65,643,000 after purchasing an additional 450,530 shares in the last quarter. KCM Investment Advisors LLC grew its position in shares of Vanguard Communication Services ETF by 3.7% in the 3rd quarter. KCM Investment Advisors LLC now owns 268,663 shares of the company’s stock worth $39,061,000 after acquiring an additional 9,557 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Vanguard Communication Services ETF by 6.9% in the 2nd quarter. Cetera Investment Advisers now owns 237,816 shares of the company’s stock worth $32,866,000 after acquiring an additional 15,373 shares in the last quarter. Truist Financial Corp grew its position in shares of Vanguard Communication Services ETF by 154.3% in the 2nd quarter. Truist Financial Corp now owns 206,443 shares of the company’s stock worth $28,530,000 after acquiring an additional 125,273 shares in the last quarter. Finally, Stifel Financial Corp grew its position in shares of Vanguard Communication Services ETF by 0.4% in the 3rd quarter. Stifel Financial Corp now owns 188,724 shares of the company’s stock worth $27,441,000 after acquiring an additional 663 shares in the last quarter.

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.