Drystone LLC Takes Position in Vanguard Real Estate ETF (NYSEARCA:VNQ)

Drystone LLC bought a new position in Vanguard Real Estate ETF (NYSEARCA:VNQ) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 82,775 shares of the exchange traded fund’s stock, valued at approximately $7,374,000. Vanguard Real Estate ETF makes up about 7.4% of Drystone LLC’s holdings, making the stock its 4th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Eastern Bank bought a new stake in Vanguard Real Estate ETF in the 3rd quarter worth approximately $26,000. Godsey & Gibb Inc. purchased a new position in shares of Vanguard Real Estate ETF in the fourth quarter valued at $26,000. Decker Retirement Planning Inc. bought a new stake in Vanguard Real Estate ETF in the fourth quarter worth $26,000. Howard Capital Management Group LLC purchased a new stake in Vanguard Real Estate ETF during the fourth quarter valued at $26,000. Finally, CKW Financial Group bought a new position in Vanguard Real Estate ETF during the fourth quarter valued at $27,000.

Vanguard Real Estate ETF Stock Down 1.3 %

Shares of NYSEARCA:VNQ opened at $89.61 on Thursday. The firm has a fifty day simple moving average of $91.72 and a two-hundred day simple moving average of $93.26. The stock has a market capitalization of $35.27 billion, a P/E ratio of 22.09 and a beta of 1.03. Vanguard Real Estate ETF has a 52 week low of $78.27 and a 52 week high of $99.58.

About Vanguard Real Estate ETF

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.