Richmond Brothers Inc. Raises Stock Holdings in Vanguard Communication Services ETF (NYSEARCA:VOX)

Richmond Brothers Inc. grew its stake in shares of Vanguard Communication Services ETF (NYSEARCA:VOX) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,988 shares of the company’s stock after buying an additional 3,344 shares during the period. Vanguard Communication Services ETF makes up 5.2% of Richmond Brothers Inc.’s portfolio, making the stock its 3rd biggest position. Richmond Brothers Inc.’s holdings in Vanguard Communication Services ETF were worth $8,056,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. VSM Wealth Advisory LLC acquired a new position in shares of Vanguard Communication Services ETF in the 4th quarter valued at approximately $27,000. SBI Securities Co. Ltd. acquired a new position in shares of Vanguard Communication Services ETF in the 4th quarter valued at approximately $43,000. Whipplewood Advisors LLC acquired a new position in shares of Vanguard Communication Services ETF in the 4th quarter valued at approximately $51,000. Banque Cantonale Vaudoise acquired a new position in shares of Vanguard Communication Services ETF in the 3rd quarter valued at approximately $54,000. Finally, Larson Financial Group LLC acquired a new position in shares of Vanguard Communication Services ETF in the 3rd quarter valued at approximately $64,000.

Vanguard Communication Services ETF Stock Performance

Shares of VOX opened at $148.92 on Wednesday. Vanguard Communication Services ETF has a 52-week low of $122.73 and a 52-week high of $169.62. The stock has a 50 day simple moving average of $160.41 and a 200 day simple moving average of $153.71. The firm has a market capitalization of $5.05 billion, a PE ratio of 20.88 and a beta of 1.09.

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.