Vanguard Communication Services ETF (NYSEARCA:VOX) Sees Large Volume Increase – What’s Next?

Vanguard Communication Services ETF (NYSEARCA:VOX) saw unusually-high trading volume on Monday . Approximately 1,170,724 shares were traded during mid-day trading, an increase of 642% from the previous session’s volume of 157,813 shares.The stock last traded at $136.34 and had previously closed at $134.43.

Vanguard Communication Services ETF Stock Up 0.5 %

The company has a market capitalization of $4.58 billion, a P/E ratio of 18.65 and a beta of 1.09. The business has a 50 day moving average of $157.70 and a 200 day moving average of $154.76.

Vanguard Communication Services ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were given a dividend of $0.3832 per share. The ex-dividend date was Tuesday, March 25th. This is a positive change from Vanguard Communication Services ETF’s previous dividend of $0.32.

Institutional Investors Weigh In On Vanguard Communication Services ETF

Several institutional investors have recently modified their holdings of VOX. Raymond James Financial Inc. bought a new stake in Vanguard Communication Services ETF in the fourth quarter worth about $37,042,000. Nan Shan Life Insurance Co. Ltd. bought a new stake in shares of Vanguard Communication Services ETF during the 4th quarter worth approximately $17,975,000. PNC Financial Services Group Inc. grew its position in Vanguard Communication Services ETF by 104.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 84,819 shares of the company’s stock valued at $13,143,000 after acquiring an additional 43,282 shares during the last quarter. LPL Financial LLC increased its stake in Vanguard Communication Services ETF by 19.4% in the fourth quarter. LPL Financial LLC now owns 250,170 shares of the company’s stock worth $38,766,000 after purchasing an additional 40,724 shares during the period. Finally, Assetmark Inc. lifted its position in shares of Vanguard Communication Services ETF by 422.1% during the fourth quarter. Assetmark Inc. now owns 43,521 shares of the company’s stock worth $6,744,000 after purchasing an additional 35,186 shares during 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.