Absolute Capital Management LLC Decreases Stake in Vanguard Communication Services ETF $VOX

Absolute Capital Management LLC lowered its stake in Vanguard Communication Services ETF (NYSEARCA:VOX) by 11.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 26,062 shares of the company’s stock after selling 3,231 shares during the period. Vanguard Communication Services ETF makes up 1.8% of Absolute Capital Management LLC’s investment portfolio, making the stock its 12th largest position. Absolute Capital Management LLC’s holdings in Vanguard Communication Services ETF were worth $5,046,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in VOX. AQR Capital Management LLC raised its holdings in shares of Vanguard Communication Services ETF by 15.2% in the first quarter. AQR Capital Management LLC now owns 5,115 shares of the company’s stock worth $759,000 after buying an additional 676 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Vanguard Communication Services ETF in the first quarter worth $976,000. Bank of Nova Scotia increased its stake in shares of Vanguard Communication Services ETF by 8.6% in the second quarter. Bank of Nova Scotia now owns 14,320 shares of the company’s stock worth $2,449,000 after acquiring an additional 1,130 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Vanguard Communication Services ETF by 204.6% in the second quarter. The Manufacturers Life Insurance Company now owns 327,317 shares of the company’s stock worth $55,981,000 after acquiring an additional 219,842 shares during the period. Finally, Ieq Capital LLC increased its stake in shares of Vanguard Communication Services ETF by 988.8% in the second quarter. Ieq Capital LLC now owns 21,318 shares of the company’s stock worth $3,646,000 after acquiring an additional 19,360 shares during the period.

Vanguard Communication Services ETF Price Performance

NYSEARCA:VOX opened at $187.30 on Friday. The firm has a market capitalization of $5.69 billion, a P/E ratio of 18.46 and a beta of 1.05. Vanguard Communication Services ETF has a 1-year low of $160.74 and a 1-year high of $200.77. The company’s fifty day moving average price is $193.14 and its 200-day moving average price is $191.57.

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. 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.