Morningstar Investment Management LLC Acquires Shares of 94,391 Vanguard Communication Services ETF $VOX

Morningstar Investment Management LLC acquired a new position in shares of Vanguard Communication Services ETF (NYSEARCA:VOX) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 94,391 shares of the company’s stock, valued at approximately $16,975,000. Vanguard Communication Services ETF accounts for about 1.1% of Morningstar Investment Management LLC’s holdings, making the stock its 15th biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Core Wealth Advisors LLC purchased a new position in Vanguard Communication Services ETF during the 4th quarter worth approximately $25,000. Reflection Asset Management acquired a new position in Vanguard Communication Services ETF during the fourth quarter worth approximately $30,000. Godfrey Financial Associates Inc. purchased a new stake in Vanguard Communication Services ETF in the fourth quarter valued at approximately $30,000. Main Street Group LTD purchased a new stake in Vanguard Communication Services ETF in the first quarter valued at approximately $28,000. Finally, Cornerstone Planning Group LLC boosted its holdings in shares of Vanguard Communication Services ETF by 835.3% in the first quarter. Cornerstone Planning Group LLC now owns 159 shares of the company’s stock valued at $31,000 after acquiring an additional 142 shares during the period.

Vanguard Communication Services ETF Trading Up 0.6%

Shares of VOX opened at $179.81 on Friday. Vanguard Communication Services ETF has a 12-month low of $170.83 and a 12-month high of $200.77. The firm has a market cap of $5.53 billion, a PE ratio of 18.46 and a beta of 1.05. The company’s 50 day simple moving average is $189.28 and its 200-day simple moving average is $190.44.

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. The sector is made up of companies that provide communications services primarily through fixed-line, cellular, wireless, high-bandwidth, and/or fiber-optic cable networks.