Summit Investment Advisors Inc. Sells 998 Shares of Vanguard Real Estate ETF $VNQ

Summit Investment Advisors Inc. lowered its stake in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) by 0.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 144,974 shares of the exchange traded fund’s stock after selling 998 shares during the quarter. Vanguard Real Estate ETF accounts for 10.8% of Summit Investment Advisors Inc.’s holdings, making the stock its 28th biggest holding. Summit Investment Advisors Inc.’s holdings in Vanguard Real Estate ETF were worth $13,126,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Empower Advisory Group LLC boosted its position in shares of Vanguard Real Estate ETF by 17.5% during the first quarter. Empower Advisory Group LLC now owns 13,858,639 shares of the exchange traded fund’s stock valued at $1,254,761,000 after buying an additional 2,064,842 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Vanguard Real Estate ETF by 5.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 9,543,037 shares of the exchange traded fund’s stock valued at $864,026,000 after acquiring an additional 492,425 shares during the period. Wealthfront Advisers LLC grew its position in Vanguard Real Estate ETF by 2.5% in the 2nd quarter. Wealthfront Advisers LLC now owns 8,778,198 shares of the exchange traded fund’s stock valued at $781,786,000 after acquiring an additional 216,763 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in Vanguard Real Estate ETF by 87.5% in the first quarter. State of New Jersey Common Pension Fund D now owns 8,598,869 shares of the exchange traded fund’s stock worth $778,542,000 after purchasing an additional 4,013,382 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Vanguard Real Estate ETF by 33.5% in the first quarter. Goldman Sachs Group Inc. now owns 4,696,203 shares of the exchange traded fund’s stock worth $425,194,000 after purchasing an additional 1,178,304 shares during the period. Hedge funds and other institutional investors own 60.03% of the company’s stock.

Vanguard Real Estate ETF Trading Up 1.6%

Shares of VNQ opened at $90.23 on Friday. The firm has a fifty day moving average price of $90.96 and a 200-day moving average price of $90.06. The firm has a market capitalization of $34.04 billion, a P/E ratio of 35.58 and a beta of 1.03. Vanguard Real Estate ETF has a 12-month low of $76.92 and a 12-month high of $99.20.

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.