Narwhal Capital Management Makes New $632,000 Investment in Vanguard Real Estate ETF $VNQ

Narwhal Capital Management purchased a new stake in Vanguard Real Estate ETF (NYSEARCA:VNQ) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 7,050 shares of the exchange traded fund’s stock, valued at approximately $632,000.

Several other institutional investors also recently made changes to their positions in VNQ. Evergreen Capital Management LLC acquired a new stake in shares of Vanguard Real Estate ETF in the third quarter worth $70,491,000. Capital Investment Advisors LLC purchased a new position in shares of Vanguard Real Estate ETF in the 3rd quarter valued at $69,576,000. Bank of New York Mellon Corp raised its stake in shares of Vanguard Real Estate ETF by 27.3% in the 1st quarter. Bank of New York Mellon Corp now owns 3,431,398 shares of the exchange traded fund’s stock valued at $304,365,000 after acquiring an additional 736,312 shares during the period. Commonwealth Equity Services LLC acquired a new position in shares of Vanguard Real Estate ETF during the 3rd quarter valued at $52,321,000. Finally, Citizens Financial Group Inc. RI acquired a new position in shares of Vanguard Real Estate ETF during the 3rd quarter valued at $43,317,000. 60.03% of the stock is owned by hedge funds and other institutional investors.

Vanguard Real Estate ETF Trading Down 0.2%

NYSEARCA:VNQ opened at $97.08 on Wednesday. The firm’s fifty day simple moving average is $92.94 and its 200 day simple moving average is $94.74. Vanguard Real Estate ETF has a twelve month low of $86.84 and a twelve month high of $101.80. The firm has a market capitalization of $38.88 billion, a price-to-earnings ratio of 35.58 and a beta of 0.95.

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.