Vanguard Telecommunication Services (VOX)
Hope you enjoyed the Easter weekend! This week, my sector pick is the Vanguard Telecommunication Services (VOX). As you know, my sector rankings model finds sector ETFs that are currently in an uptrend. These are the types of ETFs that I typically like to look for. Now I haven’t cover this yet, but in my opinion, the best time to buy an ETF in an uptrend is when it has showed recent weakness. This is incorporated into my model. That is what is currently happening with the telecommunications sector. It is in an uptrend, but has just showed some recent weakness. Companies held in the ETF include firms that provide telephone, cellular, wireless or communication services.
Vanguard Telecommunication Services tracks the MSCI US IMI Telecom Services 25/50 Index. This fund was launched on September 23rd 2004. It has an expense ratio of 0.24% and has an average daily trading volume of 37 thousand shares. As of March 31st, the fund had a market value of $376 million. Top holdings include AT&T Inc (T), Verizon Communications (VZ), American Tower Corp (AMT), CenturyLink Inc (CTL), Sprint Nextel Corp (S), Crown Castle International Corp (CCI), Qwest Communications International Inc, which was just merged with Century Link, Frontier Communications Corp (FTR), NII Holdings (NIHD) and Windstream Corp (WIN).
David Cohne, is Senior Advisor, Investment Strategy at ETF Radar. You can reach him directly under davidcohne [at] etfradar.com