Vanguard Communication Services ETF (NYSEARCA:VOX) Sees Large Volume Increase – Should You Buy?

Shares of Vanguard Communication Services ETF (NYSEARCA:VOX) saw unusually-high trading volume on Friday . 799,893 shares were traded during trading, an increase of 210% from the previous session’s volume of 258,275 shares.The stock last traded at $180.54 and had previously closed at $178.80.

Vanguard Communication Services ETF Price Performance

The firm has a market cap of $5.53 billion, a P/E ratio of 18.46 and a beta of 1.05. The stock’s 50 day moving average is $189.28 and its two-hundred day moving average is $190.44.

Institutional Investors Weigh In On Vanguard Communication Services ETF

Institutional investors have recently added to or reduced their stakes in the stock. Core Wealth Advisors LLC acquired a new position in shares of Vanguard Communication Services ETF in the 4th quarter worth approximately $25,000. Reflection Asset Management acquired a new stake in Vanguard Communication Services ETF in the 4th quarter valued at $30,000. Godfrey Financial Associates Inc. acquired a new stake in Vanguard Communication Services ETF in the 4th quarter valued at $30,000. Main Street Group LTD bought a new stake in Vanguard Communication Services ETF in the first quarter valued at $28,000. Finally, Cornerstone Planning Group LLC raised its stake in Vanguard Communication Services ETF by 835.3% during the first quarter. Cornerstone Planning Group LLC now owns 159 shares of the company’s stock worth $31,000 after acquiring an additional 142 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. 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.