Midwest Trust Co has acquired a new stake in the Vanguard Communication Services ETF (NYSEARCA: VOX), investing approximately $257,000 to purchase 1,502 shares during the second quarter of 2023, according to a recent filing with the U.S. Securities and Exchange Commission (SEC). This move highlights the growing interest among institutional investors in the telecommunication sector.
Several other institutional investors have also made adjustments to their positions in the Vanguard Communication Services ETF. For instance, Hartford Financial Management Inc. initiated a new position worth about $27,000 in the same quarter. Similarly, Maseco LLP entered the fund with an investment valued at approximately $31,000, while Larsen Financial Group LLC acquired shares worth around $30,000 in the first quarter. Notably, AlphaCore Capital LLC invested approximately $87,000 during the same period.
In further developments, Rossby Financial LLC increased its holdings in the Vanguard Communication Services ETF by 22.9% during the second quarter, bringing its total ownership to 687 shares, valued at $117,000 after purchasing an additional 128 shares.
Performance Overview of Vanguard Communication Services ETF
As of the latest trading session, shares of the Vanguard Communication Services ETF opened at $181.40. The fund’s fifty-day moving average stands at $186.69, while its two-hundred-day moving average is $173.81. Over the past year, the stock has experienced a fifty-two-week low of $129.33 and a high of $192.83. The ETF currently holds a market capitalization of $5.61 billion and exhibits a price-to-earnings ratio of 18.46 alongside a beta of 1.07.
The Vanguard Communication Services ETF aims to track the performance of the MSCI US Investable Market Telecommunication Services 25/50 Index, which encompasses stocks from U.S. companies within the telecommunication services sector. This targeting of a benchmark index underscores the fund’s commitment to providing investors with exposure to the telecommunications market.
For those interested in tracking the movements of the Vanguard Communication Services ETF and other hedge fund holdings, resources such as HoldingsChannel.com can provide the latest 13F filings and insider trades. Additionally, subscribing to daily summaries from platforms like MarketBeat.com can keep investors informed about the latest news and analyst ratings related to the ETF and its sector.
