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

Vanguard Real Estate ETF (NYSEARCA:VNQ) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $97.51 and last traded at $97.40, with a volume of 495669 shares changing hands. The stock had previously closed at $96.77.

Vanguard Real Estate ETF Trading Up 0.2%

The firm has a 50-day moving average of $93.38 and a 200-day moving average of $91.84. The stock has a market capitalization of $37.37 billion, a price-to-earnings ratio of 35.58 and a beta of 1.00.

Hedge Funds Weigh In On Vanguard Real Estate ETF

Several hedge funds have recently made changes to their positions in the company. Raab & Moskowitz Asset Management LLC increased its position in shares of Vanguard Real Estate ETF by 2.0% in the 1st quarter. Raab & Moskowitz Asset Management LLC now owns 8,587 shares of the exchange traded fund’s stock valued at $762,000 after acquiring an additional 170 shares during the period. Vestor Capital LLC grew its position in Vanguard Real Estate ETF by 73,570.3% during the 1st quarter. Vestor Capital LLC now owns 121,556 shares of the exchange traded fund’s stock worth $10,782,000 after purchasing an additional 121,391 shares during the period. JDM Financial Group LLC grew its position in Vanguard Real Estate ETF by 5.9% during the 1st quarter. JDM Financial Group LLC now owns 140,723 shares of the exchange traded fund’s stock worth $12,482,000 after purchasing an additional 7,803 shares during the period. Arete Wealth Advisors LLC grew its position in Vanguard Real Estate ETF by 3.9% during the 1st quarter. Arete Wealth Advisors LLC now owns 27,545 shares of the exchange traded fund’s stock worth $2,442,000 after purchasing an additional 1,040 shares during the period. Finally, SOA Wealth Advisors LLC. grew its position in Vanguard Real Estate ETF by 146.7% during the 1st quarter. SOA Wealth Advisors LLC. now owns 560 shares of the exchange traded fund’s stock worth $50,000 after purchasing an additional 333 shares during the period. 60.03% of the stock is owned by institutional investors and hedge funds.

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.