Vanguard Real Estate ETF (NYSEARCA:VNQ) Shares Acquired by Summit Financial Wealth Advisors LLC

Summit Financial Wealth Advisors LLC boosted its position in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) by 53.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,590 shares of the exchange traded fund’s stock after purchasing an additional 4,035 shares during the period. Summit Financial Wealth Advisors LLC’s holdings in Vanguard Real Estate ETF were worth $1,047,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VNQ. Godsey & Gibb Inc. purchased a new stake in shares of Vanguard Real Estate ETF during the fourth quarter worth about $26,000. Decker Retirement Planning Inc. acquired a new position in shares of Vanguard Real Estate ETF in the 4th quarter valued at approximately $26,000. Howard Capital Management Group LLC purchased a new position in shares of Vanguard Real Estate ETF during the 4th quarter valued at approximately $26,000. CKW Financial Group acquired a new stake in shares of Vanguard Real Estate ETF during the fourth quarter worth approximately $27,000. Finally, Nemes Rush Group LLC bought a new stake in shares of Vanguard Real Estate ETF in the fourth quarter worth $27,000.

Vanguard Real Estate ETF Trading Down 2.0 %

NYSEARCA VNQ traded down $1.68 during trading hours on Thursday, reaching $82.87. 1,414,993 shares of the company traded hands, compared to its average volume of 3,802,719. The stock has a market capitalization of $90.33 billion, a PE ratio of 32.61 and a beta of 1.00. Vanguard Real Estate ETF has a 12 month low of $76.92 and a 12 month high of $99.58. The company has a 50 day moving average of $90.36 and a two-hundred day moving average of $92.30.

Vanguard Real Estate ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were paid a $0.9319 dividend. The ex-dividend date of this dividend was Tuesday, March 25th.

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.