Raymond James Financial Inc. Buys Shares of 239,042 Vanguard Communication Services ETF (NYSEARCA:VOX)

Raymond James Financial Inc. purchased a new position in Vanguard Communication Services ETF (NYSEARCA:VOX) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 239,042 shares of the company’s stock, valued at approximately $37,042,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kovack Advisors Inc. increased its position in Vanguard Communication Services ETF by 0.8% in the 4th quarter. Kovack Advisors Inc. now owns 7,630 shares of the company’s stock worth $1,182,000 after purchasing an additional 60 shares during the last quarter. Chatham Capital Group Inc. increased its holdings in Vanguard Communication Services ETF by 1.5% in the fourth quarter. Chatham Capital Group Inc. now owns 4,324 shares of the company’s stock worth $670,000 after buying an additional 63 shares during the last quarter. Fifth Third Bancorp increased its holdings in Vanguard Communication Services ETF by 0.7% in the fourth quarter. Fifth Third Bancorp now owns 11,616 shares of the company’s stock worth $1,800,000 after buying an additional 82 shares during the last quarter. Ameritas Advisory Services LLC lifted its stake in Vanguard Communication Services ETF by 0.8% in the fourth quarter. Ameritas Advisory Services LLC now owns 11,274 shares of the company’s stock valued at $1,747,000 after acquiring an additional 94 shares during the last quarter. Finally, Tortoise Investment Management LLC grew its position in Vanguard Communication Services ETF by 10.3% in the fourth quarter. Tortoise Investment Management LLC now owns 1,011 shares of the company’s stock worth $157,000 after acquiring an additional 94 shares in the last quarter.

Vanguard Communication Services ETF Stock Down 0.2 %

Shares of VOX opened at $141.58 on Wednesday. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of 18.65 and a beta of 1.09. The company’s fifty day moving average is $153.56 and its 200-day moving average is $154.41. Vanguard Communication Services ETF has a 12 month low of $122.73 and a 12 month high of $169.62.

Vanguard Communication Services ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were given a dividend of $0.3832 per share. This is an increase from Vanguard Communication Services ETF’s previous dividend of $0.32. The ex-dividend date of this dividend was Tuesday, March 25th.

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.