JPMorgan Chase & Co. Trims Stake in Vanguard Real Estate ETF $VNQ

JPMorgan Chase & Co. lessened its holdings in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,113,376 shares of the exchange traded fund’s stock after selling 421,759 shares during the quarter. JPMorgan Chase & Co. owned approximately 2.12% of Vanguard Real Estate ETF worth $717,953,000 at the end of the most recent quarter.

Other large investors 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 during the 4th quarter worth $26,000. Evermay Wealth Management LLC lifted its stake in shares of Vanguard Real Estate ETF by 46.5% during the 4th quarter. Evermay Wealth Management LLC now owns 356 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 113 shares during the period. Laurel Wealth Advisors LLC purchased a new position in shares of Vanguard Real Estate ETF during the 4th quarter worth $34,000. Pittenger & Anderson Inc. purchased a new position in shares of Vanguard Real Estate ETF during the 4th quarter worth $36,000. Finally, Palisade Asset Management LLC purchased a new position in shares of Vanguard Real Estate ETF during the 3rd quarter worth $36,000. Hedge funds and other institutional investors own 60.03% of the company’s stock.

Vanguard Real Estate ETF Stock Up 2.3%

Shares of Vanguard Real Estate ETF stock opened at $97.67 on Wednesday. Vanguard Real Estate ETF has a fifty-two week low of $86.84 and a fifty-two week high of $98.11. The firm has a market cap of $37.65 billion, a PE ratio of 35.58 and a beta of 0.98. The business’s fifty day moving average is $94.68 and its two-hundred day moving average is $92.33.

Vanguard Real Estate ETF 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.