Horizons Wealth Management Makes New $10.92 Million Investment in Vanguard Real Estate ETF $VNQ

Horizons Wealth Management bought a new stake in Vanguard Real Estate ETF (NYSEARCA:VNQ) during the third quarter, Holdings Channel reports. The institutional investor bought 121,841 shares of the exchange traded fund’s stock, valued at approximately $10,921,000. Vanguard Real Estate ETF accounts for approximately 6.8% of Horizons Wealth Management’s holdings, making the stock its 5th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealthfront Advisers LLC grew its stake in shares of Vanguard Real Estate ETF by 0.3% in the 1st quarter. Wealthfront Advisers LLC now owns 10,070,180 shares of the exchange traded fund’s stock valued at $893,225,000 after buying an additional 30,853 shares in the last quarter. Bank of New York Mellon Corp grew its position in Vanguard Real Estate ETF by 27.3% in the first 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 in the last quarter. Cetera Investment Advisers increased its stake in shares of Vanguard Real Estate ETF by 13.3% during the 1st quarter. Cetera Investment Advisers now owns 2,362,887 shares of the exchange traded fund’s stock worth $209,588,000 after purchasing an additional 278,151 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Vanguard Real Estate ETF by 2.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,209,295 shares of the exchange traded fund’s stock valued at $213,042,000 after purchasing an additional 54,884 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Vanguard Real Estate ETF by 11.6% during the 1st quarter. Fifth Third Bancorp now owns 1,677,694 shares of the exchange traded fund’s stock valued at $148,811,000 after purchasing an additional 174,384 shares in the last quarter. 60.03% of the stock is owned by hedge funds and other institutional investors.

Vanguard Real Estate ETF Price Performance

Shares of VNQ stock traded down $0.25 on Monday, hitting $89.25. The company’s stock had a trading volume of 2,394,117 shares, compared to its average volume of 3,639,421. The stock has a market capitalization of $35.25 billion, a price-to-earnings ratio of 35.58 and a beta of 0.97. Vanguard Real Estate ETF has a fifty-two week low of $86.84 and a fifty-two week high of $101.80. The firm’s fifty day moving average price is $96.03 and its 200-day moving average price is $95.56.

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.