Vanguard Real Estate ETF (NYSEARCA:VNQ) Stake Cut by Spire Wealth Management

Spire Wealth Management lessened its holdings in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) by 7.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 56,710 shares of the exchange traded fund’s stock after selling 4,676 shares during the quarter. Spire Wealth Management’s holdings in Vanguard Real Estate ETF were worth $4,844,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of VNQ. Allspring Global Investments Holdings LLC acquired a new stake in shares of Vanguard Real Estate ETF during the 4th quarter worth approximately $27,000. Buck Wealth Strategies LLC acquired a new stake in shares of Vanguard Real Estate ETF in the 3rd quarter worth about $27,000. Halpern Financial Inc. bought a new stake in Vanguard Real Estate ETF in the 4th quarter valued at about $33,000. ORG Partners LLC boosted its stake in Vanguard Real Estate ETF by 105.8% during the 4th quarter. ORG Partners LLC now owns 391 shares of the exchange traded fund’s stock valued at $35,000 after purchasing an additional 201 shares during the period. Finally, Capital Investment Counsel Inc bought a new position in Vanguard Real Estate ETF in the 3rd quarter worth about $30,000.

Vanguard Real Estate ETF Stock Performance

Shares of VNQ traded up $0.13 during mid-day trading on Monday, reaching $81.43. 3,044,760 shares of the company’s stock traded hands, compared to its average volume of 4,885,920. Vanguard Real Estate ETF has a 12 month low of $70.61 and a 12 month high of $90.09. The stock has a market capitalization of $32.05 billion, a P/E ratio of 22.09 and a beta of 1.03. The business’s 50-day moving average price is $83.64 and its 200-day moving average price is $82.96.

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.