First Merchants Corp Has $1.52 Million Stake in Vanguard Real Estate ETF $VNQ

First Merchants Corp decreased its stake in Vanguard Real Estate ETF (NYSEARCA:VNQ) by 16.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,041 shares of the exchange traded fund’s stock after selling 3,397 shares during the quarter. First Merchants Corp’s holdings in Vanguard Real Estate ETF were worth $1,518,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its position in Vanguard Real Estate ETF by 65.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 22,278 shares of the exchange traded fund’s stock worth $2,018,000 after buying an additional 8,816 shares in the last quarter. GAMMA Investing LLC lifted its position in Vanguard Real Estate ETF by 27.8% in the 1st quarter. GAMMA Investing LLC now owns 547 shares of the exchange traded fund’s stock worth $50,000 after buying an additional 119 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Vanguard Real Estate ETF by 100.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,000 shares of the exchange traded fund’s stock worth $179,000 after buying an additional 1,000 shares in the last quarter. Sowell Financial Services LLC lifted its position in Vanguard Real Estate ETF by 3.9% in the 1st quarter. Sowell Financial Services LLC now owns 10,909 shares of the exchange traded fund’s stock worth $988,000 after buying an additional 413 shares in the last quarter. Finally, Kerntke Otto McGlone Wealth Management Group lifted its position in Vanguard Real Estate ETF by 2.5% in the 2nd quarter. Kerntke Otto McGlone Wealth Management Group now owns 11,892 shares of the exchange traded fund’s stock worth $1,059,000 after buying an additional 285 shares in the last quarter. Hedge funds and other institutional investors own 60.03% of the company’s stock.

Vanguard Real Estate ETF Stock Down 0.5%

VNQ stock opened at $89.76 on Thursday. The company has a market cap of $33.61 billion, a price-to-earnings ratio of 35.58 and a beta of 0.91. The company has a 50 day moving average of $90.93 and a two-hundred day moving average of $89.45. Vanguard Real Estate ETF has a 12-month low of $76.92 and a 12-month high of $99.20.

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.