Fifth Third Bancorp Purchases 174,384 Shares of Vanguard Real Estate ETF $VNQ

Fifth Third Bancorp grew its position in Vanguard Real Estate ETF (NYSEARCA:VNQ) by 11.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,677,694 shares of the exchange traded fund’s stock after acquiring an additional 174,384 shares during the period. Fifth Third Bancorp’s holdings in Vanguard Real Estate ETF were worth $148,811,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in VNQ. IMG Wealth Management Inc. bought a new position in Vanguard Real Estate ETF in the fourth quarter valued at approximately $26,000. Evelyn Partners Investment Management LLP bought a new stake in Vanguard Real Estate ETF during the fourth quarter worth about $26,000. Resources Management Corp CT ADV bought a new stake in Vanguard Real Estate ETF during the fourth quarter worth about $27,000. Evermay Wealth Management LLC boosted its position in Vanguard Real Estate ETF by 46.5% during the fourth quarter. Evermay Wealth Management LLC now owns 356 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 113 shares during the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new position in Vanguard Real Estate ETF during the fourth quarter valued at approximately $34,000. Institutional investors own 60.03% of the company’s stock.

Vanguard Real Estate ETF Price Performance

VNQ stock traded up $0.23 during mid-day trading on Friday, reaching $97.32. The company had a trading volume of 2,539,323 shares, compared to its average volume of 3,773,914. The company has a market capitalization of $38.56 billion, a price-to-earnings ratio of 35.58 and a beta of 0.98. Vanguard Real Estate ETF has a 52 week low of $86.84 and a 52 week high of $99.15. The stock has a 50 day simple moving average of $96.62 and a two-hundred day simple moving average of $93.53.

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.