Institute for Wealth Management LLC. Purchases 86 Shares of Vanguard Communication Services ETF (NYSEARCA:VOX)

Institute for Wealth Management LLC. grew its position in shares of Vanguard Communication Services ETF (NYSEARCA:VOX) by 0.9% in the 1st quarter, Holdings Channel reports. The firm owned 9,153 shares of the company’s stock after acquiring an additional 86 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Vanguard Communication Services ETF were worth $1,358,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Vanguard Communication Services ETF during the 4th quarter worth approximately $37,042,000. Nan Shan Life Insurance Co. Ltd. acquired 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 purchasing an additional 43,282 shares during the period. Mason & Associates Inc acquired a new stake in Vanguard Communication Services ETF in the 1st quarter valued at $6,133,000. Finally, LPL Financial LLC grew its position in Vanguard Communication Services ETF by 19.4% in the 4th quarter. LPL Financial LLC now owns 250,170 shares of the company’s stock valued at $38,766,000 after purchasing an additional 40,724 shares during the period.

Vanguard Communication Services ETF Trading Down 0.1%

Shares of NYSEARCA:VOX opened at $163.91 on Thursday. The stock’s fifty day simple moving average is $153.45 and its two-hundred day simple moving average is $155.95. Vanguard Communication Services ETF has a 1-year low of $127.35 and a 1-year high of $169.62. The stock has a market cap of $5.55 billion, a PE ratio of 19.32 and a beta of 1.08.

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.