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

Vanguard Real Estate ETF (NYSEARCA:VNQ) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $101.16 and last traded at $101.12, with a volume of 1201783 shares changing hands. The stock had previously closed at $98.69.

Vanguard Real Estate ETF Trading Up 2.3%

The stock has a market cap of $40.01 billion, a P/E ratio of 35.58 and a beta of 0.98. The firm has a 50-day simple moving average of $97.09 and a two-hundred day simple moving average of $94.21.

Institutional Trading of Vanguard Real Estate ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its position in shares of Vanguard Real Estate ETF by 9.4% in the fourth 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 in the last quarter. Wealthfront Advisers LLC grew its position in Vanguard Real Estate ETF by 0.3% during the first quarter. Wealthfront Advisers LLC now owns 10,070,180 shares of the exchange traded fund’s stock worth $893,225,000 after buying an additional 30,853 shares in the last quarter. Morgan Stanley increased its stake in 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 worth $875,194,000 after acquiring an additional 111,978 shares during the period. Bank of New York Mellon Corp increased its stake 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 worth $304,365,000 after acquiring an additional 736,312 shares during the period. Finally, Financial Engines Advisors L.L.C. raised its holdings in Vanguard Real Estate ETF by 1.6% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 3,370,746 shares of the exchange traded fund’s stock valued at $298,277,000 after acquiring an additional 53,115 shares in the last quarter. Institutional investors and hedge funds own 60.03% of the company’s stock.

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.