Novak & Powell Financial Services Inc. purchased a new stake in Vanguard Real Estate ETF (NYSEARCA:VNQ – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 17,875 shares of the exchange traded fund’s stock, valued at approximately $1,584,000. Vanguard Real Estate ETF comprises 1.1% of Novak & Powell Financial Services Inc.’s portfolio, making the stock its 24th biggest position.
A number of other hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. boosted its position in shares of Vanguard Real Estate ETF by 87.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 9,746,686 shares of the exchange traded fund’s stock worth $861,217,000 after purchasing an additional 4,547,415 shares in the last quarter. Cerity Partners LLC lifted its holdings in Vanguard Real Estate ETF by 601.6% during the fourth quarter. Cerity Partners LLC now owns 4,364,788 shares of the exchange traded fund’s stock worth $385,673,000 after acquiring an additional 3,742,702 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Vanguard Real Estate ETF by 22.5% in the third quarter. JPMorgan Chase & Co. now owns 10,630,558 shares of the exchange traded fund’s stock valued at $804,308,000 after acquiring an additional 1,955,619 shares during the period. Board of Trustees of The Leland Stanford Junior University bought a new stake in shares of Vanguard Real Estate ETF in the fourth quarter worth about $150,204,000. Finally, Kepos Capital LP bought a new position in shares of Vanguard Real Estate ETF during the 3rd quarter valued at about $107,763,000.
Vanguard Real Estate ETF Stock Performance
NYSEARCA VNQ opened at $84.00 on Friday. The stock has a market cap of $33.06 billion, a price-to-earnings ratio of 22.09 and a beta of 1.03. The business has a 50 day simple moving average of $82.18 and a 200 day simple moving average of $84.39. Vanguard Real Estate ETF has a 52-week low of $70.61 and a 52-week high of $90.09.
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.
Further Reading
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