Vanguard Real Estate ETF $VNQ Shares Acquired by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. raised its stake in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) by 10.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 549,762 shares of the exchange traded fund’s stock after buying an additional 50,991 shares during the period. Vanguard Real Estate ETF comprises approximately 1.3% of Sumitomo Life Insurance Co.’s holdings, making the stock its 14th largest position. Sumitomo Life Insurance Co.’s holdings in Vanguard Real Estate ETF were worth $48,648,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. IMG Wealth Management Inc. acquired a new position in shares of Vanguard Real Estate ETF in the 4th quarter worth approximately $26,000. Evermay Wealth Management LLC boosted its holdings in shares of 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 worth $32,000 after buying an additional 113 shares during the period. Laurel Wealth Advisors LLC acquired a new stake in shares of Vanguard Real Estate ETF during the fourth quarter worth approximately $34,000. Palisade Asset Management LLC acquired a new stake in shares of Vanguard Real Estate ETF during the third quarter worth approximately $36,000. Finally, Pittenger & Anderson Inc. acquired a new stake in shares of Vanguard Real Estate ETF during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 60.03% of the company’s stock.

Vanguard Real Estate ETF Stock Performance

VNQ stock opened at $98.51 on Friday. The stock has a market cap of $37.97 billion, a P/E ratio of 35.58 and a beta of 0.98. The firm has a 50 day simple moving average of $95.26 and a 200 day simple moving average of $92.49. Vanguard Real Estate ETF has a 52 week low of $86.84 and a 52 week high of $98.86.

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.