Vanguard Real Estate ETF (NYSEARCA:VNQ) Hits New 12-Month High – Still a Buy?

Vanguard Real Estate ETF (NYSEARCA:VNQ) shares hit a new 52-week high on Tuesday . The stock traded as high as $97.51 and last traded at $97.40, with a volume of 495669 shares traded. The stock had previously closed at $96.77.

Vanguard Real Estate ETF Trading Up 0.2%

The firm has a 50-day simple moving average of $93.38 and a two-hundred day simple moving average of $91.84. The company has a market capitalization of $37.37 billion, a price-to-earnings ratio of 35.58 and a beta of 1.00.

Institutional Investors Weigh In On Vanguard Real Estate ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IMG Wealth Management Inc. acquired a new stake in Vanguard Real Estate ETF during the 4th quarter worth about $26,000. Evelyn Partners Investment Management LLP acquired a new stake in Vanguard Real Estate ETF during the 4th quarter worth about $26,000. Resources Management Corp CT ADV acquired a new stake in shares of Vanguard Real Estate ETF during the 4th quarter valued at about $27,000. Evermay Wealth Management LLC grew its position in shares of Vanguard Real Estate ETF by 46.5% during the 4th quarter. Evermay Wealth Management LLC now owns 356 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 113 shares during the period. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of Vanguard Real Estate ETF during the 4th quarter valued at about $34,000. 60.03% of the stock is owned by institutional investors and hedge funds.

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.