Richmond Brothers Inc. Has $7.53 Million Stock Holdings in Vanguard Communication Services ETF $VOX

Richmond Brothers Inc. reduced its stake in Vanguard Communication Services ETF (NYSEARCA:VOX) by 16.7% during the second quarter, HoldingsChannel reports. The firm owned 44,004 shares of the company’s stock after selling 8,791 shares during the quarter. Vanguard Communication Services ETF accounts for about 4.9% of Richmond Brothers Inc.’s investment portfolio, making the stock its 5th largest holding. Richmond Brothers Inc.’s holdings in Vanguard Communication Services ETF were worth $7,526,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. D.A. Davidson & CO. increased its position in Vanguard Communication Services ETF by 3.8% during the 2nd quarter. D.A. Davidson & CO. now owns 8,160 shares of the company’s stock valued at $1,396,000 after purchasing an additional 300 shares during the period. Farther Finance Advisors LLC grew its position in shares of Vanguard Communication Services ETF by 14.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 4,588 shares of the company’s stock worth $785,000 after buying an additional 586 shares during the period. Park Avenue Securities LLC acquired a new stake in Vanguard Communication Services ETF in the second quarter worth $404,000. McAdam LLC increased its position in Vanguard Communication Services ETF by 4.4% in the 2nd quarter. McAdam LLC now owns 1,760 shares of the company’s stock valued at $301,000 after buying an additional 74 shares in the last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Vanguard Communication Services ETF during the second quarter valued at approximately $483,000.

Vanguard Communication Services ETF Trading Down 2.2%

Shares of Vanguard Communication Services ETF stock opened at $182.27 on Thursday. The company has a market capitalization of $5.64 billion, a P/E ratio of 18.46 and a beta of 1.07. The stock has a fifty day simple moving average of $186.76 and a 200 day simple moving average of $173.76. Vanguard Communication Services ETF has a 12-month low of $129.33 and a 12-month high of $192.83.

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.