Palisades Hudson Asset Management L.P. Increases Holdings in Vanguard Real Estate ETF (NYSEARCA:VNQ)

Palisades Hudson Asset Management L.P. raised its stake in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) by 14.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,276 shares of the exchange traded fund’s stock after buying an additional 2,243 shares during the period. Vanguard Real Estate ETF comprises approximately 0.6% of Palisades Hudson Asset Management L.P.’s holdings, making the stock its 27th largest position. Palisades Hudson Asset Management L.P.’s holdings in Vanguard Real Estate ETF were worth $1,539,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Voya Financial Advisors Inc. raised its stake in Vanguard Real Estate ETF by 1.6% during the 3rd quarter. Voya Financial Advisors Inc. now owns 7,581 shares of the exchange traded fund’s stock valued at $733,000 after buying an additional 117 shares during the last quarter. Westside Investment Management Inc. grew its position in shares of Vanguard Real Estate ETF by 1.6% during the 4th quarter. Westside Investment Management Inc. now owns 7,408 shares of the exchange traded fund’s stock valued at $660,000 after acquiring an additional 120 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in shares of Vanguard Real Estate ETF by 3.6% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,499 shares of the exchange traded fund’s stock worth $312,000 after purchasing an additional 122 shares in the last quarter. Destination Wealth Management increased its stake in shares of Vanguard Real Estate ETF by 0.5% in the 3rd quarter. Destination Wealth Management now owns 24,867 shares of the exchange traded fund’s stock worth $2,423,000 after purchasing an additional 130 shares in the last quarter. Finally, VERITY Wealth Advisors increased its stake in shares of Vanguard Real Estate ETF by 0.6% in the 4th quarter. VERITY Wealth Advisors now owns 23,576 shares of the exchange traded fund’s stock worth $2,100,000 after purchasing an additional 131 shares in the last quarter.

Vanguard Real Estate ETF Price Performance

NYSEARCA:VNQ opened at $91.53 on Tuesday. The firm has a market capitalization of $99.77 billion, a price-to-earnings ratio of 34.84 and a beta of 1.07. Vanguard Real Estate ETF has a one year low of $78.27 and a one year high of $99.58. The business has a fifty day moving average price of $90.73 and a 200-day moving average price of $93.60.

Vanguard Real Estate ETF Profile

Vanguard REIT ETF (the Fund) is an open-end investment company. The Fund invests in stocks issued by real estate investment trusts (REITs), companies that purchase office buildings, hotels, and other real property. It tracks the return of the MSCI US RIT Index, a gauge of real estate stocks. The Vanguard Group, Inc provides investment advisory services to the Fund.