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

Vanguard Communication Services ETF (NYSEARCA:VOX) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $147.03 and last traded at $147.03, with a volume of 4826 shares. The stock had previously closed at $145.87.

Vanguard Communication Services ETF Price Performance

The stock’s fifty day moving average price is $140.27 and its 200-day moving average price is $136.32. The firm has a market cap of $4.48 billion, a PE ratio of 21.15 and a beta of 1.20.

Institutional Trading of Vanguard Communication Services ETF

Several large investors have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC purchased a new position in Vanguard Communication Services ETF in the first quarter worth approximately $37,000. Rothschild Investment LLC purchased a new position in shares of Vanguard Communication Services ETF during the 2nd quarter worth $40,000. Glassman Wealth Services increased its position in shares of Vanguard Communication Services ETF by 57.1% during the 2nd quarter. Glassman Wealth Services now owns 300 shares of the company’s stock worth $41,000 after purchasing an additional 109 shares during the last quarter. Rosenberg Matthew Hamilton purchased a new stake in Vanguard Communication Services ETF in the 2nd quarter valued at about $44,000. Finally, Salomon & Ludwin LLC raised its holdings in Vanguard Communication Services ETF by 42.9% in the 1st quarter. Salomon & Ludwin LLC now owns 360 shares of the company’s stock valued at $47,000 after buying an additional 108 shares during the period.

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.