Raymond James & Associates holds $11.75 million worth of Vanguard Communication Services ETF (NYSEARCA:VOX). The investment firm has a significant stake in this ETF, which focuses on communication services. This indicates Raymond James & Associates’ confidence in the performance and potential growth of the communication services sector. The ETF allows investors to diversify their portfolio and gain exposure to various companies within the communication services industry. Overall, Raymond James & Associates’ investment in VOX highlights their strategic approach to investing in this particular sector.