Vanguard Real Estate ETF (NYSEARCA:VNQ) Hits New 52-Week High – Still a Buy?

Vanguard Real Estate ETF (NYSEARCA:VNQ)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $97.08 and last traded at $96.98, with a volume of 904668 shares. The stock had previously closed at $95.76.

Vanguard Real Estate ETF Price Performance

The stock has a market capitalization of $37.43 billion, a P/E ratio of 35.58 and a beta of 1.00. The company’s 50 day simple moving average is $92.94 and its two-hundred day simple moving average is $91.31.

Institutional Trading of Vanguard Real Estate ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. IMG Wealth Management Inc. acquired a new position in Vanguard Real Estate ETF during the 4th quarter worth about $26,000. Evelyn Partners Investment Management LLP acquired a new position in Vanguard Real Estate ETF during the 4th quarter worth about $26,000. Resources Management Corp CT ADV acquired a new position in Vanguard Real Estate ETF during the 4th quarter worth about $27,000. Evermay Wealth Management LLC lifted its position in 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 worth $32,000 after buying an additional 113 shares in the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new position in Vanguard Real Estate ETF during the 4th quarter worth about $34,000. 60.03% of the stock is currently 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.