Wedmont Private Capital Cuts Position in Vanguard Real Estate ETF $VNQ

Wedmont Private Capital decreased its holdings in Vanguard Real Estate ETF (NYSEARCA:VNQ) by 16.7% in the second quarter, HoldingsChannel.com reports. The firm owned 32,996 shares of the exchange traded fund’s stock after selling 6,608 shares during the quarter. Wedmont Private Capital’s holdings in Vanguard Real Estate ETF were worth $3,211,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of VNQ. IMG Wealth Management Inc. acquired a new position in shares of Vanguard Real Estate ETF during the 4th quarter worth approximately $26,000. Evelyn Partners Investment Management LLP acquired a new stake in Vanguard Real Estate ETF in the 4th quarter valued at $26,000. Resources Management Corp CT ADV purchased a new stake in Vanguard Real Estate ETF in the 4th quarter worth $27,000. Tower View Wealth Management LLC increased its holdings in Vanguard Real Estate ETF by 320.0% in the 1st quarter. Tower View Wealth Management LLC now owns 399 shares of the exchange traded fund’s stock worth $35,000 after acquiring an additional 304 shares in the last quarter. Finally, Palisade Asset Management LLC acquired a new position in Vanguard Real Estate ETF during the third quarter worth $36,000. Hedge funds and other institutional investors own 60.03% of the company’s stock.

Vanguard Real Estate ETF Price Performance

VNQ opened at $96.02 on Monday. The company has a market cap of $38.05 billion, a price-to-earnings ratio of 35.58 and a beta of 0.96. Vanguard Real Estate ETF has a 52-week low of $86.84 and a 52-week high of $101.80. The firm’s fifty day simple moving average is $98.23 and its two-hundred day simple moving average is $95.79.

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.