Vanguard Real Estate ETF (NYSEARCA:VNQ) Sets New 52-Week High – Still a Buy?

Vanguard Real Estate ETF (NYSEARCA:VNQ)’s share price hit a new 52-week high on Thursday . The company traded as high as $95.15 and last traded at $94.5820, with a volume of 1170473 shares traded. The stock had previously closed at $93.36.

Vanguard Real Estate ETF Stock Up 0.4%

The firm has a market cap of $35.88 billion, a price-to-earnings ratio of 35.58 and a beta of 1.03. The firm has a 50 day moving average of $89.99 and a 200 day moving average of $90.37.

Hedge Funds Weigh In On Vanguard Real Estate ETF

A number of hedge funds have recently added to or reduced their stakes in VNQ. Lansing Street Advisors boosted its position in shares of Vanguard Real Estate ETF by 2.8% during the third quarter. Lansing Street Advisors now owns 3,979 shares of the exchange traded fund’s stock valued at $364,000 after buying an additional 110 shares during the last quarter. Signaturefd LLC lifted its stake in Vanguard Real Estate ETF by 8.4% during the 4th quarter. Signaturefd LLC now owns 1,414 shares of the exchange traded fund’s stock valued at $125,000 after acquiring an additional 110 shares in the last quarter. Kovack Advisors Inc. boosted its holdings in Vanguard Real Estate ETF by 0.9% during the 3rd quarter. Kovack Advisors Inc. now owns 13,068 shares of the exchange traded fund’s stock worth $1,195,000 after acquiring an additional 112 shares during the last quarter. Nestegg Advisors Inc. raised its holdings in shares of Vanguard Real Estate ETF by 0.9% in the fourth quarter. Nestegg Advisors Inc. now owns 12,066 shares of the exchange traded fund’s stock valued at $1,068,000 after purchasing an additional 112 shares during the last quarter. Finally, Opulen Financial Group LLC lifted its position in shares of Vanguard Real Estate ETF by 2.2% during the fourth quarter. Opulen Financial Group LLC now owns 5,316 shares of the exchange traded fund’s stock valued at $470,000 after purchasing an additional 112 shares in the last quarter. Institutional investors and hedge funds own 60.03% of the company’s stock.

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.