Vanguard Real Estate ETF (NYSEARCA:VNQ) Reaches New 1-Year High – What’s Next?

Vanguard Real Estate ETF (NYSEARCA:VNQ) shares reached a new 52-week high on Thursday . The stock traded as high as $99.27 and last traded at $99.22, with a volume of 513932 shares changing hands. The stock had previously closed at $97.86.

Vanguard Real Estate ETF Stock Performance

The company has a market cap of $39.45 billion, a PE ratio of 35.58 and a beta of 0.98. The company’s 50 day moving average price is $96.70 and its 200-day moving average price is $93.76.

Hedge Funds Weigh In On Vanguard Real Estate ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its position in Vanguard Real Estate ETF by 59.4% during the fourth quarter. Brighton Jones LLC now owns 30,762 shares of the exchange traded fund’s stock valued at $2,740,000 after buying an additional 11,469 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of Vanguard Real Estate ETF by 267.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,599 shares of the exchange traded fund’s stock valued at $677,000 after acquiring an additional 5,532 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Vanguard Real Estate ETF by 17.5% during the 1st quarter. AQR Capital Management LLC now owns 8,616 shares of the exchange traded fund’s stock valued at $780,000 after acquiring an additional 1,284 shares during the period. Russell Investments Group Ltd. boosted its holdings in Vanguard Real Estate ETF by 84.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,838 shares of the exchange traded fund’s stock valued at $431,000 after acquiring an additional 2,222 shares during the period. Finally, State Street Corp grew its position in Vanguard Real Estate ETF by 735.3% during the 2nd quarter. State Street Corp now owns 1,592,905 shares of the exchange traded fund’s stock worth $141,864,000 after acquiring an additional 1,402,196 shares during the last quarter. 60.03% of the stock is currently owned by hedge funds and other institutional investors.

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.