Sumitomo Life Insurance Co. Boosts Position in Vanguard Real Estate ETF $VNQ

Sumitomo Life Insurance Co. grew its holdings in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) by 91.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 498,771 shares of the exchange traded fund’s stock after purchasing an additional 238,064 shares during the quarter. Vanguard Real Estate ETF makes up approximately 1.4% of Sumitomo Life Insurance Co.’s holdings, making the stock its 15th biggest position. Sumitomo Life Insurance Co. owned about 0.13% of Vanguard Real Estate ETF worth $45,598,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. raised its holdings in Vanguard Real Estate ETF by 123.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 313 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 173 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Vanguard Real Estate ETF during the 2nd quarter valued at $33,000. Thompson Investment Management Inc. purchased a new position in shares of Vanguard Real Estate ETF during the 3rd quarter valued at $45,000. Corsicana & Co. purchased a new position in shares of Vanguard Real Estate ETF during the 3rd quarter valued at $47,000. Finally, Heartwood Wealth Advisors LLC bought a new position in shares of Vanguard Real Estate ETF in the third quarter worth about $47,000. 60.03% of the stock is owned by hedge funds and other institutional investors.

Vanguard Real Estate ETF Price Performance

Shares of VNQ opened at $94.87 on Thursday. The firm has a market cap of $36.33 billion, a P/E ratio of 35.58 and a beta of 1.03. The company has a 50 day simple moving average of $91.02 and a two-hundred day simple moving average of $90.70. Vanguard Real Estate ETF has a 1 year low of $76.92 and a 1 year high of $95.64.

Vanguard Real Estate ETF 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.