Modern Wealth Management LLC Lowers Stock Holdings in Vanguard Communication Services ETF (NYSEARCA:VOX)

Modern Wealth Management LLC lowered its position in shares of Vanguard Communication Services ETF (NYSEARCA:VOX) by 7.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,408 shares of the company’s stock after selling 120 shares during the period. Modern Wealth Management LLC’s holdings in Vanguard Communication Services ETF were worth $235,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VOX. Thrivent Financial for Lutherans boosted its stake in Vanguard Communication Services ETF by 6.5% in the third quarter. Thrivent Financial for Lutherans now owns 6,163 shares of the company’s stock worth $896,000 after buying an additional 377 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of Vanguard Communication Services ETF by 9.3% during the 3rd quarter. Cerity Partners LLC now owns 9,948 shares of the company’s stock valued at $1,446,000 after purchasing an additional 849 shares during the last quarter. Larson Financial Group LLC purchased a new position in Vanguard Communication Services ETF in the 3rd quarter worth $64,000. Private Trust Co. NA raised its position in Vanguard Communication Services ETF by 40.5% in the 3rd quarter. Private Trust Co. NA now owns 773 shares of the company’s stock worth $112,000 after purchasing an additional 223 shares during the period. Finally, D.A. Davidson & CO. lifted its stake in Vanguard Communication Services ETF by 3.1% in the third quarter. D.A. Davidson & CO. now owns 7,227 shares of the company’s stock worth $1,051,000 after purchasing an additional 214 shares during the last quarter.

Vanguard Communication Services ETF Trading Down 3.1 %

Shares of NYSEARCA:VOX opened at $148.10 on Friday. The stock has a market capitalization of $5.02 billion, a P/E ratio of 20.88 and a beta of 1.09. The stock’s 50-day moving average price is $159.80 and its 200-day moving average price is $154.36. Vanguard Communication Services ETF has a 12-month low of $122.73 and a 12-month high of $169.62.

Vanguard Communication Services ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were paid a $0.3832 dividend. This is a boost from Vanguard Communication Services ETF’s previous dividend of $0.32. The ex-dividend date of this dividend was Tuesday, March 25th.

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.