Beacon Capital Management Inc. Has $129.96 Million Stake in Vanguard Communication Services ETF $VOX

Beacon Capital Management Inc. increased its holdings in shares of Vanguard Communication Services ETF (NYSEARCA:VOX) by 192.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 759,842 shares of the company’s stock after acquiring an additional 500,292 shares during the quarter. Vanguard Communication Services ETF comprises about 6.7% of Beacon Capital Management Inc.’s holdings, making the stock its 3rd largest position. Beacon Capital Management Inc.’s holdings in Vanguard Communication Services ETF were worth $129,956,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hartford Financial Management Inc. bought a new position in shares of Vanguard Communication Services ETF during the second quarter valued at $27,000. Maseco LLP bought a new stake in shares of Vanguard Communication Services ETF in the second quarter worth $31,000. Geneos Wealth Management Inc. increased its holdings in Vanguard Communication Services ETF by 403.2% in the second quarter. Geneos Wealth Management Inc. now owns 317 shares of the company’s stock valued at $54,000 after purchasing an additional 254 shares during the period. Rossby Financial LCC raised its position in Vanguard Communication Services ETF by 22.9% during the 2nd quarter. Rossby Financial LCC now owns 687 shares of the company’s stock worth $117,000 after purchasing an additional 128 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new position in Vanguard Communication Services ETF during the 2nd quarter worth $118,000.

Vanguard Communication Services ETF Trading Down 0.8%

Shares of VOX opened at $191.78 on Monday. The stock’s 50-day moving average price is $186.57 and its two-hundred day moving average price is $179.12. Vanguard Communication Services ETF has a 12 month low of $129.33 and a 12 month high of $195.25. The company has a market capitalization of $5.93 billion, a PE ratio of 18.46 and a beta of 1.07.

Vanguard Communication Services ETF Company 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.