Pinnacle Wealth Management Advisory Group LLC Trims Stock Position in Vanguard Real Estate ETF (NYSEARCA:VNQ)

Pinnacle Wealth Management Advisory Group LLC trimmed its holdings in Vanguard Real Estate ETF (NYSEARCA:VNQ) by 10.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 7,095 shares of the exchange traded fund’s stock after selling 801 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Vanguard Real Estate ETF were worth $632,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Eastern Bank purchased a new stake in shares of Vanguard Real Estate ETF in the third quarter worth about $26,000. Godsey & Gibb Inc. purchased a new stake in Vanguard Real Estate ETF in the 4th quarter worth approximately $26,000. Decker Retirement Planning Inc. purchased a new stake in Vanguard Real Estate ETF in the 4th quarter worth approximately $26,000. Howard Capital Management Group LLC acquired a new stake in shares of Vanguard Real Estate ETF during the 4th quarter worth approximately $26,000. Finally, CKW Financial Group purchased a new position in shares of Vanguard Real Estate ETF during the 4th quarter valued at approximately $27,000.

Vanguard Real Estate ETF Stock Performance

Shares of NYSEARCA VNQ opened at $91.63 on Monday. The company has a market capitalization of $36.06 billion, a PE ratio of 22.09 and a beta of 1.03. The company’s fifty day moving average price is $90.28 and its 200 day moving average price is $93.41. Vanguard Real Estate ETF has a 1 year low of $78.27 and a 1 year high of $99.58.

Vanguard Real Estate ETF Company 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.