Vanguard Communication Services ETF (NYSEARCA:VOX) Sees Unusually-High Trading Volume – Should You Buy?

Vanguard Communication Services ETF (NYSEARCA:VOX) saw strong trading volume on Thursday. 1,017,437 shares were traded during trading, an increase of 258% from the average daily volume of 284,584 shares. The stock last traded at $175.2690 and had previously closed at $178.78.

Vanguard Communication Services ETF Price Performance

The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 18.46 and a beta of 1.09. The firm has a fifty day moving average of $187.67 and a 200 day moving average of $189.10.

Hedge Funds Weigh In On Vanguard Communication Services ETF

A number of hedge funds have recently made changes to their positions in the company. Allworth Financial LP grew its stake in shares of Vanguard Communication Services ETF by 3.6% in the 3rd quarter. Allworth Financial LP now owns 2,685 shares of the company’s stock valued at $494,000 after buying an additional 94 shares during the period. Advisor Resource Council increased its position in shares of Vanguard Communication Services ETF by 237.3% during the third quarter. Advisor Resource Council now owns 3,916 shares of the company’s stock worth $754,000 after acquiring an additional 2,755 shares during the period. Jacobi Capital Management LLC purchased a new position in shares of Vanguard Communication Services ETF in the 3rd quarter valued at about $31,000. Lido Advisors LLC grew its holdings in Vanguard Communication Services ETF by 14.8% during the 3rd quarter. Lido Advisors LLC now owns 216,276 shares of the company’s stock worth $41,220,000 after acquiring an additional 27,895 shares in the last quarter. Finally, Csenge Advisory Group grew its stake in shares of Vanguard Communication Services ETF by 17.6% during the third quarter. Csenge Advisory Group now owns 9,142 shares of the company’s stock worth $1,742,000 after purchasing an additional 1,371 shares in the last quarter.

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. 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.