Modern Wealth Management LLC Raises Stake in Vanguard Real Estate ETF $VNQ

Modern Wealth Management LLC raised its holdings in Vanguard Real Estate ETF (NYSEARCA:VNQ) by 1,084.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 82,416 shares of the exchange traded fund’s stock after purchasing an additional 75,460 shares during the quarter. Modern Wealth Management LLC’s holdings in Vanguard Real Estate ETF were worth $7,340,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in VNQ. Hantz Financial Services Inc. increased its position in Vanguard Real Estate ETF by 123.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 313 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 173 shares during the period. Cohalo Advisory LLC acquired a new position in shares of Vanguard Real Estate ETF in the second quarter valued at approximately $29,000. Reyes Financial Architecture Inc. raised its stake in shares of Vanguard Real Estate ETF by 405.5% during the second quarter. Reyes Financial Architecture Inc. now owns 369 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 296 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Vanguard Real Estate ETF during the second quarter worth $33,000. Finally, Aberdeen Wealth Management LLC acquired a new stake in shares of Vanguard Real Estate ETF during the first quarter worth $40,000. Institutional investors and hedge funds own 60.03% of the company’s stock.

Vanguard Real Estate ETF Stock Performance

Shares of VNQ opened at $89.45 on Friday. The stock has a market capitalization of $33.74 billion, a P/E ratio of 35.58 and a beta of 1.03. Vanguard Real Estate ETF has a 1 year low of $76.92 and a 1 year high of $94.95. The company’s fifty day moving average is $90.04 and its two-hundred day moving average is $90.31.

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.