IF Advisors LLC Invests $3.72 Million in Vanguard Real Estate ETF $VNQ

IF Advisors LLC bought a new position in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) in the fourth quarter, Holdings Channel reports. The institutional investor bought 41,985 shares of the exchange traded fund’s stock, valued at approximately $3,715,000. Vanguard Real Estate ETF accounts for approximately 3.0% of IF Advisors LLC’s holdings, making the stock its 13th largest position.

Other institutional investors and hedge funds have also modified their holdings of the company. IMG Wealth Management Inc. purchased a new stake in shares of Vanguard Real Estate ETF during the fourth quarter worth about $26,000. Evermay Wealth Management LLC increased its stake in shares of Vanguard Real Estate ETF by 46.5% during the fourth quarter. Evermay Wealth Management LLC now owns 356 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 113 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new position in Vanguard Real Estate ETF during the fourth quarter worth about $34,000. Palisade Asset Management LLC acquired a new position in Vanguard Real Estate ETF during the third quarter worth about $36,000. Finally, Pittenger & Anderson Inc. acquired a new position in Vanguard Real Estate ETF during the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 60.03% of the company’s stock.

Vanguard Real Estate ETF Trading Down 0.9%

VNQ opened at $95.70 on Friday. The firm has a market capitalization of $36.89 billion, a PE ratio of 35.58 and a beta of 1.00. Vanguard Real Estate ETF has a twelve month low of $86.84 and a twelve month high of $97.71. The firm’s 50-day moving average price is $93.70 and its 200 day moving average price is $92.02.

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.