Magnolia Wealth Management LLC Takes Position in Vanguard Real Estate ETF $VNQ

Magnolia Wealth Management LLC acquired a new position in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 112,268 shares of the exchange traded fund’s stock, valued at approximately $10,264,000. Vanguard Real Estate ETF accounts for about 6.3% of Magnolia Wealth Management LLC’s holdings, making the stock its 5th largest holding.

A number of other hedge funds have also modified their holdings of VNQ. Gallagher Fiduciary Advisors LLC raised its position in Vanguard Real Estate ETF by 8,739.3% in the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 5,717,725 shares of the exchange traded fund’s stock valued at $509,221,000 after buying an additional 5,653,040 shares during the last quarter. State Street Corp boosted 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. Corient Private Wealth LLC grew its stake in shares of Vanguard Real Estate ETF by 97.2% during the 2nd 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 in the last quarter. Beacon Capital Management Inc. grew its stake in shares of Vanguard Real Estate ETF by 1,568.1% during the 2nd quarter. Beacon Capital Management Inc. now owns 1,001,170 shares of the exchange traded fund’s stock worth $89,164,000 after acquiring an additional 941,151 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Vanguard Real Estate ETF by 8.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 10,960,194 shares of the exchange traded fund’s stock valued at $1,001,981,000 after purchasing an additional 847,016 shares during the last quarter. 60.03% of the stock is currently owned by institutional investors.

Vanguard Real Estate ETF Stock Up 0.4%

NYSEARCA VNQ opened at $93.34 on Wednesday. The firm’s 50 day moving average is $92.51 and its 200-day moving average is $91.05. The company has a market capitalization of $35.74 billion, a PE ratio of 35.58 and a beta of 1.03. Vanguard Real Estate ETF has a 12-month low of $76.92 and a 12-month high of $96.23.

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.