Vanguard Real Estate ETF (NYSEARCA:VNQ) Reaches New 52-Week High – Here’s Why

Vanguard Real Estate ETF (NYSEARCA:VNQ) hit a new 52-week high on Friday . The company traded as high as $101.16 and last traded at $101.12, with a volume of 1201783 shares trading hands. The stock had previously closed at $98.69.

Vanguard Real Estate ETF Price Performance

The business’s 50-day moving average price is $97.23 and its 200-day moving average price is $94.26. The firm has a market capitalization of $39.94 billion, a PE ratio of 35.58 and a beta of 0.98.

Institutional Investors Weigh In On Vanguard Real Estate ETF

Several hedge funds have recently made changes to their positions in the business. State Street Corp increased its holdings in shares of Vanguard Real Estate ETF by 735.3% in the second quarter. State Street Corp now owns 1,592,905 shares of the exchange traded fund’s stock valued at $141,864,000 after purchasing an additional 1,402,196 shares during the period. Corient Private Wealth LLC grew its position in Vanguard Real Estate ETF by 97.2% in the 2nd quarter. Corient Private Wealth LLC now owns 2,220,304 shares of the exchange traded fund’s stock valued at $197,740,000 after buying an additional 1,094,540 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Vanguard Real Estate ETF by 9.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 11,994,193 shares of the exchange traded fund’s stock valued at $1,061,366,000 after buying an additional 1,033,999 shares during the period. Bank of New York Mellon Corp raised its position in Vanguard Real Estate ETF by 27.3% during the 1st quarter. Bank of New York Mellon Corp now owns 3,431,398 shares of the exchange traded fund’s stock worth $304,365,000 after buying an additional 736,312 shares during the last quarter. Finally, Wealthfront Advisers LLC raised its position in Vanguard Real Estate ETF by 7.4% during the 4th quarter. Wealthfront Advisers LLC now owns 10,039,327 shares of the exchange traded fund’s stock worth $888,380,000 after buying an additional 695,474 shares during the last quarter. Institutional investors and hedge funds own 60.03% of the company’s stock.

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.