J. M. Brown & Associates Inc. Invests $1.89 Million in Vanguard Communication Services ETF $VOX

J. M. Brown & Associates Inc. bought a new position in shares of Vanguard Communication Services ETF (NYSEARCA:VOX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,296 shares of the company’s stock, valued at approximately $1,894,000. Vanguard Communication Services ETF makes up approximately 1.1% of J. M. Brown & Associates Inc.’s investment portfolio, making the stock its 19th biggest position.

Other hedge funds have also recently bought and sold shares of the company. Diversify Wealth Management LLC acquired a new position in Vanguard Communication Services ETF during the 4th quarter worth $535,000. Cornerstone National Bank & Trust Co acquired a new stake in shares of Vanguard Communication Services ETF in the 4th quarter valued at about $673,000. Ameritas Advisory Services LLC raised its stake in shares of Vanguard Communication Services ETF by 5,825.9% in the 4th quarter. Ameritas Advisory Services LLC now owns 128,828 shares of the company’s stock valued at $24,945,000 after purchasing an additional 126,654 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Vanguard Communication Services ETF by 37.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 137,539 shares of the company’s stock worth $26,632,000 after purchasing an additional 37,330 shares during the last quarter. Finally, Manning & Napier Advisors LLC lifted its position in shares of Vanguard Communication Services ETF by 152.1% during the first quarter. Manning & Napier Advisors LLC now owns 4,341 shares of the company’s stock worth $781,000 after purchasing an additional 2,619 shares during the last quarter.

Vanguard Communication Services ETF Stock Up 1.8%

Shares of Vanguard Communication Services ETF stock opened at $188.52 on Friday. The firm has a market cap of $5.79 billion, a P/E ratio of 18.46 and a beta of 1.05. Vanguard Communication Services ETF has a fifty-two week low of $172.37 and a fifty-two week high of $200.77. The business has a 50-day moving average price of $186.57 and a 200 day moving average price of $189.65.

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. 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.