Envestnet Portfolio Solutions Inc. Sells 33,392 Shares of Vanguard Communication Services ETF $VOX

Envestnet Portfolio Solutions Inc. lowered its stake in Vanguard Communication Services ETF (NYSEARCA:VOX) by 82.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,044 shares of the company’s stock after selling 33,392 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Vanguard Communication Services ETF were worth $1,322,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Beacon Capital Management Inc. raised its position in shares of Vanguard Communication Services ETF by 192.8% in the second quarter. Beacon Capital Management Inc. now owns 759,842 shares of the company’s stock valued at $129,956,000 after purchasing an additional 500,292 shares during the period. The Manufacturers Life Insurance Company grew its stake in Vanguard Communication Services ETF by 204.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 327,317 shares of the company’s stock valued at $55,981,000 after buying an additional 219,842 shares during the last quarter. PGIM Custom Harvest LLC raised its holdings in Vanguard Communication Services ETF by 8.7% in the 2nd quarter. PGIM Custom Harvest LLC now owns 1,966,879 shares of the company’s stock worth $336,395,000 after acquiring an additional 157,783 shares during the period. Assetmark Inc. boosted its holdings in Vanguard Communication Services ETF by 321.6% during the second quarter. Assetmark Inc. now owns 150,288 shares of the company’s stock valued at $25,704,000 after acquiring an additional 114,638 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Vanguard Communication Services ETF by 6.2% in the second quarter. Bank of America Corp DE now owns 1,787,362 shares of the company’s stock worth $305,692,000 after purchasing an additional 103,889 shares during the period.

Vanguard Communication Services ETF Stock Performance

NYSEARCA VOX opened at $194.98 on Wednesday. The stock has a 50-day simple moving average of $191.96 and a 200 day simple moving average of $185.38. The stock has a market capitalization of $6.32 billion, a PE ratio of 18.46 and a beta of 1.07. Vanguard Communication Services ETF has a twelve month low of $129.33 and a twelve month high of $196.51.

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.