Institute for Wealth Management LLC. Reduces Stake in Vanguard Communication Services ETF (NYSEARCA:VOX)

Institute for Wealth Management LLC. cut its stake in shares of Vanguard Communication Services ETF (NYSEARCA:VOX) by 1.2% during the fourth quarter, HoldingsChannel reports. The firm owned 9,067 shares of the company’s stock after selling 106 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Vanguard Communication Services ETF were worth $1,405,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of VOX. International Assets Investment Management LLC boosted its stake in shares of Vanguard Communication Services ETF by 46,542.4% during the 3rd quarter. International Assets Investment Management LLC now owns 451,498 shares of the company’s stock worth $65,643,000 after purchasing an additional 450,530 shares during the period. KCM Investment Advisors LLC grew its stake in shares of Vanguard Communication Services ETF by 3.7% during the third quarter. KCM Investment Advisors LLC now owns 268,663 shares of the company’s stock valued at $39,061,000 after buying an additional 9,557 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Vanguard Communication Services ETF by 6.9% in the second quarter. Cetera Investment Advisers now owns 237,816 shares of the company’s stock worth $32,866,000 after buying an additional 15,373 shares during the period. Truist Financial Corp lifted its stake in shares of Vanguard Communication Services ETF by 154.3% during the 2nd quarter. Truist Financial Corp now owns 206,443 shares of the company’s stock worth $28,530,000 after acquiring an additional 125,273 shares during the last quarter. Finally, Stifel Financial Corp boosted its holdings in Vanguard Communication Services ETF by 0.4% during the 3rd quarter. Stifel Financial Corp now owns 188,724 shares of the company’s stock valued at $27,441,000 after acquiring an additional 663 shares during the period.

Vanguard Communication Services ETF Stock Up 0.5 %

VOX stock opened at $165.97 on Friday. The business’s fifty day simple moving average is $158.15 and its two-hundred day simple moving average is $147.74. The firm has a market cap of $5.06 billion, a price-to-earnings ratio of 21.15 and a beta of 1.20. Vanguard Communication Services ETF has a twelve month low of $122.29 and a twelve month high of $167.87.

Vanguard Communication Services ETF 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.