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

Vanguard Real Estate ETF (NYSEARCA:VNQ) shares reached a new 52-week high on Tuesday . The stock traded as high as $95.64 and last traded at $94.89, with a volume of 3645913 shares. The stock had previously closed at $94.88.

Vanguard Real Estate ETF Stock Down 0.3%

The firm has a market capitalization of $36.33 billion, a price-to-earnings ratio of 35.58 and a beta of 1.03. The stock has a 50 day moving average of $91.02 and a 200 day moving average of $90.70.

Institutional Investors Weigh In On Vanguard Real Estate ETF

A number of institutional investors have recently made changes to their positions in VNQ. Empower Advisory Group LLC increased its stake in Vanguard Real Estate ETF by 4.2% during the second quarter. Empower Advisory Group LLC now owns 14,436,154 shares of the exchange traded fund’s stock valued at $1,285,684,000 after purchasing an additional 577,515 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Vanguard Real Estate ETF by 9.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 11,994,193 shares of the exchange traded fund’s stock valued at $1,061,366,000 after buying an additional 1,033,999 shares during the period. Wealthfront Advisers LLC boosted its holdings in shares of Vanguard Real Estate ETF by 7.4% in the 4th quarter. Wealthfront Advisers LLC now owns 10,039,327 shares of the exchange traded fund’s stock valued at $888,380,000 after buying an additional 695,474 shares during the period. Morgan Stanley grew its position in shares of Vanguard Real Estate ETF by 1.1% during the 4th quarter. Morgan Stanley now owns 9,890,313 shares of the exchange traded fund’s stock valued at $875,194,000 after buying an additional 111,978 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Vanguard Real Estate ETF by 6.2% during the third quarter. JPMorgan Chase & Co. now owns 8,535,135 shares of the exchange traded fund’s stock worth $780,282,000 after acquiring an additional 498,006 shares during the period. 60.03% of the stock is currently owned by institutional investors.

About Vanguard Real Estate ETF

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.