Sovereign Financial Group Inc. Purchases 1,488 Shares of Vanguard Real Estate ETF (NYSEARCA:VNQ)

Sovereign Financial Group Inc. raised its stake in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) by 26.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,065 shares of the exchange traded fund’s stock after buying an additional 1,488 shares during the quarter. Sovereign Financial Group Inc.’s holdings in Vanguard Real Estate ETF were worth $624,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in VNQ. Buck Wealth Strategies LLC purchased a new position in Vanguard Real Estate ETF during the 3rd quarter valued at about $27,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Vanguard Real Estate ETF during the fourth quarter worth about $27,000. Capital Investment Counsel Inc purchased a new position in shares of Vanguard Real Estate ETF during the third quarter worth about $30,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Vanguard Real Estate ETF during the third quarter worth about $31,000. Finally, Halpern Financial Inc. purchased a new position in shares of Vanguard Real Estate ETF during the fourth quarter worth about $33,000.

Vanguard Real Estate ETF Trading Down 0.8 %

Shares of NYSEARCA VNQ traded down $0.69 during midday trading on Wednesday, hitting $81.45. 4,127,741 shares of the company’s stock were exchanged, compared to its average volume of 4,863,709. The company has a market cap of $32.06 billion, a price-to-earnings ratio of 22.09 and a beta of 1.03. The business’s fifty day moving average price is $83.56 and its two-hundred day moving average price is $83.09. Vanguard Real Estate ETF has a 12-month low of $70.61 and a 12-month high of $90.09.

Vanguard Real Estate ETF Company 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.