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

Vanguard Real Estate ETF (NYSEARCA:VNQ) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $97.77 and last traded at $97.58, with a volume of 1585949 shares. The stock had previously closed at $95.47.

Vanguard Real Estate ETF Price Performance

The firm has a market capitalization of $37.65 billion, a PE ratio of 35.58 and a beta of 0.98. The company’s fifty day simple moving average is $94.47 and its 200-day simple moving average is $92.26.

Hedge Funds Weigh In On Vanguard Real Estate ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IMG Wealth Management Inc. purchased a new position in Vanguard Real Estate ETF during the fourth quarter valued at $26,000. Evelyn Partners Investment Management LLP purchased a new position in Vanguard Real Estate ETF during the fourth quarter valued at $26,000. Resources Management Corp CT ADV purchased a new position in Vanguard Real Estate ETF during the fourth quarter valued at $27,000. Evermay Wealth Management LLC lifted its holdings 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 in the last quarter. Finally, Laurel Wealth Advisors LLC purchased a new position in Vanguard Real Estate ETF during the fourth quarter valued at $34,000. 60.03% of the stock is owned by hedge funds and other institutional investors.

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.