PNC Financial Services Group Inc. Cuts Position in Vanguard Real Estate ETF $VNQ

PNC Financial Services Group Inc. reduced its position in Vanguard Real Estate ETF (NYSEARCA:VNQ) by 0.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,037,111 shares of the exchange traded fund’s stock after selling 8,933 shares during the period. PNC Financial Services Group Inc. owned approximately 0.27% of Vanguard Real Estate ETF worth $91,992,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of VNQ. IMG Wealth Management Inc. acquired a new position in Vanguard Real Estate ETF during the fourth quarter valued at approximately $26,000. Evelyn Partners Investment Management LLP purchased a new stake in Vanguard Real Estate ETF during the fourth quarter worth approximately $26,000. Resources Management Corp CT ADV acquired a new stake in shares of Vanguard Real Estate ETF in the fourth quarter worth $27,000. Evermay Wealth Management LLC increased its position in shares of Vanguard Real Estate ETF by 46.5% in the fourth quarter. Evermay Wealth Management LLC now owns 356 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 113 shares in the last quarter. Finally, Laurel Wealth Advisors LLC purchased a new position in shares of Vanguard Real Estate ETF in the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 60.03% of the company’s stock.

Vanguard Real Estate ETF Trading Down 0.5%

Shares of VNQ stock opened at $99.02 on Thursday. The company has a market cap of $39.23 billion, a PE ratio of 35.58 and a beta of 0.98. The company’s fifty day simple moving average is $97.02 and its 200-day simple moving average is $94.14. Vanguard Real Estate ETF has a 52 week low of $86.84 and a 52 week high of $101.08.

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.