Keudell Morrison Wealth Management Takes Position in Vanguard Real Estate ETF $VNQ

Keudell Morrison Wealth Management acquired a new stake in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 100,090 shares of the exchange traded fund’s stock, valued at approximately $8,857,000. Vanguard Real Estate ETF makes up about 1.9% of Keudell Morrison Wealth Management’s holdings, making the stock its 14th biggest holding.

Other large investors have also recently made changes to their positions in the company. IMG Wealth Management Inc. purchased a new stake in shares of Vanguard Real Estate ETF during the fourth quarter valued at $26,000. Evermay Wealth Management LLC boosted its holdings in Vanguard Real Estate ETF by 46.5% in 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. Laurel Wealth Advisors LLC purchased a new stake in Vanguard Real Estate ETF in the fourth quarter valued at $34,000. Palisade Asset Management LLC purchased a new stake in Vanguard Real Estate ETF in the third quarter valued at $36,000. Finally, Pittenger & Anderson Inc. purchased a new stake in Vanguard Real Estate ETF in the fourth quarter valued at $36,000. 60.03% of the stock is owned by hedge funds and other institutional investors.

Vanguard Real Estate ETF Stock Performance

NYSEARCA:VNQ opened at $96.67 on Friday. Vanguard Real Estate ETF has a one year low of $86.36 and a one year high of $97.37. The firm has a market cap of $37.26 billion, a price-to-earnings ratio of 35.58 and a beta of 1.00. The firm’s fifty day moving average is $93.21 and its two-hundred day moving average is $91.73.

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.