PNC Financial Services Group Inc. Decreases Stock Position in Vanguard Real Estate ETF $VNQ

PNC Financial Services Group Inc. decreased its position in Vanguard Real Estate ETF (NYSEARCA:VNQ) by 0.9% in the 1st quarter, Holdings Channel reports. The fund owned 1,037,111 shares of the exchange traded fund’s stock after selling 8,933 shares during the period. PNC Financial Services Group Inc.’s holdings in Vanguard Real Estate ETF were worth $91,992,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. IMG Wealth Management Inc. purchased a new position in shares of Vanguard Real Estate ETF in the fourth quarter valued at $26,000. Evelyn Partners Investment Management LLP acquired a new position in Vanguard Real Estate ETF in the 4th quarter worth $26,000. Resources Management Corp CT ADV acquired a new position in Vanguard Real Estate ETF in the 4th quarter worth $27,000. Evermay Wealth Management LLC boosted its position in Vanguard Real Estate ETF by 46.5% in the 4th quarter. Evermay Wealth Management LLC now owns 356 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 113 shares during the last quarter. Finally, Laurel Wealth Advisors LLC purchased a new position in Vanguard Real Estate ETF in the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 60.03% of the company’s stock.

Vanguard Real Estate ETF Price Performance

Shares of Vanguard Real Estate ETF stock opened at $99.02 on Thursday. Vanguard Real Estate ETF has a 1-year low of $86.84 and a 1-year high of $101.08. The company has a market capitalization of $39.23 billion, a PE ratio of 35.58 and a beta of 0.98. The business has a 50-day moving average of $97.02 and a 200-day moving average of $94.14.

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.