Vanguard Real Estate ETF (NYSEARCA:VNQ) Reaches New 12-Month High – Here’s Why

Shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) reached a new 52-week high on Monday . The company traded as high as $99.15 and last traded at $98.91, with a volume of 238432 shares trading hands. The stock had previously closed at $98.51.

Vanguard Real Estate ETF Price Performance

The firm has a market cap of $37.80 billion, a P/E ratio of 35.58 and a beta of 0.98. The stock’s 50-day simple moving average is $95.56 and its two-hundred day simple moving average is $92.61.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VNQ. IMG Wealth Management Inc. bought a new position in Vanguard Real Estate ETF during the fourth quarter valued at $26,000. Evelyn Partners Investment Management LLP bought a new position in Vanguard Real Estate ETF during the fourth quarter valued at $26,000. Resources Management Corp CT ADV bought a new position in Vanguard Real Estate ETF during the fourth quarter valued at $27,000. Evermay Wealth Management LLC increased its position 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 acquiring an additional 113 shares during the last quarter. Finally, Laurel Wealth Advisors LLC bought a new position in shares of Vanguard Real Estate ETF in the fourth quarter worth about $34,000. Institutional investors own 60.03% of the company’s stock.

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.