Founders Grove Wealth Partners LLC Invests $4.37 Million in Vanguard Communication Services ETF (NYSEARCA:VOX)

Founders Grove Wealth Partners LLC purchased a new stake in Vanguard Communication Services ETF (NYSEARCA:VOX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 28,167 shares of the company’s stock, valued at approximately $4,365,000. Vanguard Communication Services ETF accounts for 1.3% of Founders Grove Wealth Partners LLC’s investment portfolio, making the stock its 27th largest position. Founders Grove Wealth Partners LLC owned 0.09% of Vanguard Communication Services ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of VOX. International Assets Investment Management LLC raised its position in Vanguard Communication Services ETF by 46,542.4% during the 3rd quarter. International Assets Investment Management LLC now owns 451,498 shares of the company’s stock valued at $65,643,000 after purchasing an additional 450,530 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Vanguard Communication Services ETF by 21.6% during the second quarter. Envestnet Asset Management Inc. now owns 977,538 shares of the company’s stock valued at $135,096,000 after buying an additional 173,884 shares during the period. Truist Financial Corp lifted its stake in Vanguard Communication Services ETF by 154.3% in the second quarter. Truist Financial Corp now owns 206,443 shares of the company’s stock worth $28,530,000 after acquiring an additional 125,273 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Vanguard Communication Services ETF by 3,297.1% in the second quarter. The Manufacturers Life Insurance Company now owns 122,329 shares of the company’s stock worth $16,906,000 after acquiring an additional 118,728 shares during the period. Finally, Royal Fund Management LLC grew its holdings in Vanguard Communication Services ETF by 89.3% during the 3rd quarter. Royal Fund Management LLC now owns 38,140 shares of the company’s stock worth $5,578,000 after acquiring an additional 17,987 shares in the last quarter.

Vanguard Communication Services ETF Stock Performance

NYSEARCA:VOX opened at $153.70 on Wednesday. The firm has a 50-day simple moving average of $156.70 and a 200-day simple moving average of $146.21. Vanguard Communication Services ETF has a one year low of $116.45 and a one year high of $163.98. The firm has a market cap of $4.69 billion, a P/E ratio of 21.15 and a beta of 1.20.

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.