Vanguard Real Estate ETF (NYSEARCA:VNQ) Reaches New 12-Month High – Here’s Why

Vanguard Real Estate ETF (NYSEARCA:VNQ) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $95.15 and last traded at $94.5820, with a volume of 1170473 shares trading hands. The stock had previously closed at $93.36.

Vanguard Real Estate ETF Trading Up 0.4%

The company has a market cap of $35.88 billion, a P/E ratio of 35.58 and a beta of 1.03. The company has a 50 day moving average price of $89.99 and a 200-day moving average price of $90.37.

Institutional Trading of Vanguard Real Estate ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Gallagher Fiduciary Advisors LLC raised its stake in shares of Vanguard Real Estate ETF by 8,739.3% during the second quarter. Gallagher Fiduciary Advisors LLC now owns 5,717,725 shares of the exchange traded fund’s stock valued at $509,221,000 after acquiring an additional 5,653,040 shares during the last quarter. State Street Corp increased its stake in shares of Vanguard Real Estate ETF by 735.3% in the second quarter. State Street Corp now owns 1,592,905 shares of the exchange traded fund’s stock valued at $141,864,000 after buying an additional 1,402,196 shares during the period. Corient Private Wealth LLC raised its position in shares of Vanguard Real Estate ETF by 97.2% during the second quarter. Corient Private Wealth LLC now owns 2,220,304 shares of the exchange traded fund’s stock worth $197,740,000 after acquiring an additional 1,094,540 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Vanguard Real Estate ETF by 9.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 11,994,193 shares of the exchange traded fund’s stock worth $1,061,366,000 after purchasing an additional 1,033,999 shares during the last quarter. Finally, Beacon Capital Management Inc. boosted its stake in shares of Vanguard Real Estate ETF by 1,568.1% in the 2nd quarter. Beacon Capital Management Inc. now owns 1,001,170 shares of the exchange traded fund’s stock valued at $89,164,000 after purchasing an additional 941,151 shares during the last quarter. Institutional investors own 60.03% of the company’s stock.

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.