Vanguard Communication Services ETF (NYSEARCA:VOX) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Vanguard Communication Services ETF (NYSEARCA:VOX) saw unusually-strong trading volume on Monday . Approximately 1,170,724 shares traded hands during trading, an increase of 642% from the previous session’s volume of 157,813 shares.The stock last traded at $136.34 and had previously closed at $134.43.

Vanguard Communication Services ETF Stock Performance

The company has a market capitalization of $4.58 billion, a PE ratio of 18.65 and a beta of 1.09. The company’s fifty day moving average is $157.70 and its 200-day moving average is $154.76.

Vanguard Communication Services ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th were given a dividend of $0.3832 per share. This is an increase from Vanguard Communication Services ETF’s previous dividend of $0.32. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. FMR LLC lifted its position in shares of Vanguard Communication Services ETF by 13.6% in the third quarter. FMR LLC now owns 5,079 shares of the company’s stock valued at $738,000 after acquiring an additional 607 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Vanguard Communication Services ETF by 0.6% in the 3rd quarter. HighTower Advisors LLC now owns 69,054 shares of the company’s stock worth $10,038,000 after purchasing an additional 408 shares in the last quarter. IHT Wealth Management LLC boosted its stake in Vanguard Communication Services ETF by 17.3% in the 3rd quarter. IHT Wealth Management LLC now owns 2,188 shares of the company’s stock worth $318,000 after purchasing an additional 323 shares during the period. Quantinno Capital Management LP grew its holdings in Vanguard Communication Services ETF by 35.6% during the 3rd quarter. Quantinno Capital Management LP now owns 11,994 shares of the company’s stock valued at $1,744,000 after buying an additional 3,150 shares in the last quarter. Finally, Stifel Financial Corp raised its position in shares of Vanguard Communication Services ETF by 0.4% during the third quarter. Stifel Financial Corp now owns 188,724 shares of the company’s stock valued at $27,441,000 after buying an additional 663 shares during the last quarter.

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.