Vanguard Real Estate ETF (NYSEARCA:VNQ) Hits New 12-Month High – Still a Buy?

Vanguard Real Estate ETF (NYSEARCA:VNQ)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $99.27 and last traded at $99.22, with a volume of 513932 shares trading hands. The stock had previously closed at $97.86.

Vanguard Real Estate ETF Price Performance

The company has a market capitalization of $39.45 billion, a P/E ratio of 35.58 and a beta of 0.98. The company has a 50 day moving average of $96.70 and a 200-day moving average of $93.76.

Hedge Funds Weigh In On Vanguard Real Estate ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp raised its position in shares of Vanguard Real Estate ETF by 735.3% during the 2nd quarter. State Street Corp now owns 1,592,905 shares of the exchange traded fund’s stock valued at $141,864,000 after purchasing an additional 1,402,196 shares during the period. Corient Private Wealth LLC increased its position in shares of Vanguard Real Estate ETF by 97.2% during the 2nd quarter. Corient Private Wealth LLC now owns 2,220,304 shares of the exchange traded fund’s stock valued at $197,740,000 after purchasing an additional 1,094,540 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Vanguard Real Estate ETF by 9.4% during 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 purchasing an additional 1,033,999 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Vanguard Real Estate ETF by 27.3% during the 1st quarter. Bank of New York Mellon Corp now owns 3,431,398 shares of the exchange traded fund’s stock valued at $304,365,000 after acquiring an additional 736,312 shares in the last quarter. Finally, Wealthfront Advisers LLC boosted its stake in Vanguard Real Estate ETF by 7.4% in the fourth quarter. Wealthfront Advisers LLC now owns 10,039,327 shares of the exchange traded fund’s stock valued at $888,380,000 after acquiring an additional 695,474 shares in the last quarter. 60.03% of the stock is 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.