Sequoia Financial Advisors LLC Trims Position in Vanguard Real Estate ETF $VNQ

Sequoia Financial Advisors LLC trimmed its position in Vanguard Real Estate ETF (NYSEARCA:VNQ) by 8.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 103,610 shares of the exchange traded fund’s stock after selling 9,010 shares during the period. Sequoia Financial Advisors LLC’s holdings in Vanguard Real Estate ETF were worth $9,991,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. IMG Wealth Management Inc. bought a new stake in Vanguard Real Estate ETF during the 4th quarter worth approximately $26,000. Evelyn Partners Investment Management LLP bought a new position in Vanguard Real Estate ETF in the 4th quarter valued at $26,000. Resources Management Corp CT ADV purchased a new position in shares of Vanguard Real Estate ETF during the 4th quarter valued at $27,000. Palisade Asset Management LLC purchased a new position in shares of Vanguard Real Estate ETF during the 3rd quarter valued at $36,000. Finally, Tower View Wealth Management LLC increased its holdings in shares of Vanguard Real Estate ETF by 320.0% in the first quarter. Tower View Wealth Management LLC now owns 399 shares of the exchange traded fund’s stock worth $35,000 after purchasing an additional 304 shares during the period. Hedge funds and other institutional investors own 60.03% of the company’s stock.

Vanguard Real Estate ETF Stock Performance

Shares of VNQ stock opened at $94.12 on Friday. Vanguard Real Estate ETF has a 52-week low of $86.84 and a 52-week high of $101.80. The company has a market capitalization of $37.29 billion, a PE ratio of 35.58 and a beta of 0.96. The business’s fifty day moving average is $98.07 and its 200 day moving average is $95.80.

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.