REDW Wealth LLC Cuts Position in Vanguard Real Estate ETF $VNQ

REDW Wealth LLC trimmed its holdings in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) by 15.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 54,209 shares of the exchange traded fund’s stock after selling 9,753 shares during the period. Vanguard Real Estate ETF makes up approximately 1.9% of REDW Wealth LLC’s portfolio, making the stock its 13th largest holding. REDW Wealth LLC’s holdings in Vanguard Real Estate ETF were worth $4,956,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in VNQ. Hantz Financial Services Inc. raised its position in shares of 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 worth $28,000 after purchasing an additional 173 shares during the last quarter. Cohalo Advisory LLC bought a new stake in Vanguard Real Estate ETF during the 2nd quarter valued at about $29,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Vanguard Real Estate ETF in the second quarter worth about $33,000. CX Institutional lifted its stake in shares of Vanguard Real Estate ETF by 133.6% in the second quarter. CX Institutional now owns 493 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 282 shares in the last quarter. Finally, Thompson Investment Management Inc. bought a new position in shares of Vanguard Real Estate ETF in the third quarter worth approximately $45,000. 60.03% of the stock is owned by institutional investors.

Vanguard Real Estate ETF Stock Up 0.2%

NYSEARCA:VNQ opened at $90.54 on Monday. The stock has a market cap of $34.67 billion, a price-to-earnings ratio of 35.58 and a beta of 1.03. The company’s 50 day moving average price is $89.65 and its 200-day moving average price is $90.31. Vanguard Real Estate ETF has a 52 week low of $76.92 and a 52 week high of $94.95.

Vanguard Real Estate ETF Company 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.