Vanguard Communication Services ETF (NYSEARCA:VOX) Hits New 52-Week High – Should You Buy?

Vanguard Communication Services ETF (NYSEARCA:VOX)’s share price hit a new 52-week high on Monday . The stock traded as high as $188.36 and last traded at $190.66, with a volume of 246321 shares trading hands. The stock had previously closed at $187.56.

Vanguard Communication Services ETF Trading Up 1.5%

The company has a market cap of $5.94 billion, a price-to-earnings ratio of 18.46 and a beta of 1.04. The business has a fifty day moving average of $176.38 and a two-hundred day moving average of $161.80.

Institutional Investors Weigh In On Vanguard Communication Services ETF

Institutional investors have recently added to or reduced their stakes in the stock. Hartford Financial Management Inc. purchased a new stake in shares of Vanguard Communication Services ETF during the second quarter worth about $27,000. Hanson & Doremus Investment Management acquired a new stake in Vanguard Communication Services ETF in the 1st quarter worth about $25,000. Maseco LLP acquired a new stake in Vanguard Communication Services ETF in the 2nd quarter worth about $31,000. Larson Financial Group LLC purchased a new stake in Vanguard Communication Services ETF during the 1st quarter worth approximately $30,000. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Vanguard Communication Services ETF by 403.2% during the second quarter. Geneos Wealth Management Inc. now owns 317 shares of the company’s stock valued at $54,000 after acquiring an additional 254 shares during 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.