PNC Financial Services Group Inc. Sells 149,902 Shares of Vanguard Real Estate ETF $VNQ

PNC Financial Services Group Inc. lowered its holdings in Vanguard Real Estate ETF (NYSEARCA:VNQ) by 12.5% in the fourth quarter, Holdings Channel reports. The firm owned 1,046,044 shares of the exchange traded fund’s stock after selling 149,902 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Vanguard Real Estate ETF were worth $92,564,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its position in Vanguard Real Estate ETF by 9.9% during the fourth quarter. Larson Financial Group LLC now owns 13,636 shares of the exchange traded fund’s stock valued at $1,207,000 after purchasing an additional 1,226 shares during the last quarter. Tortoise Investment Management LLC increased its position in shares of Vanguard Real Estate ETF by 4.9% during the 4th quarter. Tortoise Investment Management LLC now owns 17,355 shares of the exchange traded fund’s stock worth $1,536,000 after purchasing an additional 804 shares during the last quarter. Csenge Advisory Group bought a new stake in shares of Vanguard Real Estate ETF during the 4th quarter worth approximately $2,717,000. Envestnet Portfolio Solutions Inc. raised its stake in shares of Vanguard Real Estate ETF by 100.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 104,640 shares of the exchange traded fund’s stock worth $9,257,000 after purchasing an additional 52,545 shares in the last quarter. Finally, Verde Capital Management boosted its holdings in shares of Vanguard Real Estate ETF by 7.9% in the 4th quarter. Verde Capital Management now owns 16,222 shares of the exchange traded fund’s stock valued at $1,435,000 after buying an additional 1,184 shares during the last quarter. 60.03% of the stock is owned by institutional investors.

Vanguard Real Estate ETF Trading Up 1.3%

NYSEARCA:VNQ opened at $96.49 on Thursday. The stock has a market capitalization of $37.19 billion, a PE ratio of 35.58 and a beta of 1.00. Vanguard Real Estate ETF has a 1-year low of $86.36 and a 1-year high of $97.37. The firm has a fifty day simple moving average of $93.15 and a 200 day simple moving average of $91.68.

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.