Sequoia Financial Advisors LLC Cuts Holdings in Vanguard Real Estate ETF $VNQ

Sequoia Financial Advisors LLC trimmed its holdings in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) by 67.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 112,620 shares of the exchange traded fund’s stock after selling 234,058 shares during the period. Sequoia Financial Advisors LLC’s holdings in Vanguard Real Estate ETF were worth $9,989,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. IMG Wealth Management Inc. purchased a new stake in shares of Vanguard Real Estate ETF during the fourth quarter valued at $26,000. Evelyn Partners Investment Management LLP purchased a new position in Vanguard Real Estate ETF in the 4th quarter worth about $26,000. Resources Management Corp CT ADV purchased a new position in Vanguard Real Estate ETF in the 4th quarter worth about $27,000. Evermay Wealth Management LLC lifted its stake in Vanguard Real Estate ETF by 46.5% during the 4th quarter. Evermay Wealth Management LLC now owns 356 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 113 shares during the period. Finally, Laurel Wealth Advisors LLC bought a new position in Vanguard Real Estate ETF during the 4th quarter valued at about $34,000. Institutional investors own 60.03% of the company’s stock.

Vanguard Real Estate ETF Stock Up 0.2%

Shares of NYSEARCA VNQ traded up $0.23 during trading on Friday, reaching $97.32. 2,539,323 shares of the company traded hands, compared to its average volume of 3,773,914. The firm has a 50 day simple moving average of $96.62 and a 200-day simple moving average of $93.53. The stock has a market capitalization of $38.56 billion, a PE ratio of 35.58 and a beta of 0.98. Vanguard Real Estate ETF has a 52-week low of $86.84 and a 52-week high of $99.15.

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.