NewEdge Advisors LLC Trims Holdings in Vanguard Real Estate ETF $VNQ

NewEdge Advisors LLC reduced its position in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) by 18.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,844 shares of the exchange traded fund’s stock after selling 18,297 shares during the period. NewEdge Advisors LLC’s holdings in Vanguard Real Estate ETF were worth $6,993,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. IMG Wealth Management Inc. purchased a new position in shares of Vanguard Real Estate ETF during the fourth quarter valued at approximately $26,000. Evelyn Partners Investment Management LLP purchased a new position in shares of Vanguard Real Estate ETF during the 4th quarter worth $26,000. Resources Management Corp CT ADV purchased a new position in shares of Vanguard Real Estate ETF during the 4th quarter worth $27,000. Evermay Wealth Management LLC boosted its holdings in shares of 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 worth $32,000 after purchasing an additional 113 shares during the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of Vanguard Real Estate ETF during the fourth quarter worth $34,000. 60.03% of the stock is currently owned by hedge funds and other institutional investors.

Vanguard Real Estate ETF Stock Down 1.2%

Shares of NYSEARCA:VNQ opened at $99.49 on Friday. The company has a market cap of $39.42 billion, a P/E ratio of 35.58 and a beta of 0.98. The business has a fifty day simple moving average of $97.59 and a 200-day simple moving average of $94.61. Vanguard Real Estate ETF has a 52 week low of $86.84 and a 52 week high of $101.80.

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.