Montecito Bank & Trust Invests $1.70 Million in Vanguard Real Estate ETF $VNQ

Montecito Bank & Trust acquired a new stake in Vanguard Real Estate ETF (NYSEARCA:VNQ) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 18,558 shares of the exchange traded fund’s stock, valued at approximately $1,697,000.

Several other hedge funds have also added to or reduced their stakes in the business. Atlantic Union Bankshares Corp acquired a new position in shares of Vanguard Real Estate ETF during the second quarter worth $585,000. Allworth Financial LP increased its holdings in Vanguard Real Estate ETF by 179.5% in the second quarter. Allworth Financial LP now owns 77,106 shares of the exchange traded fund’s stock valued at $6,867,000 after purchasing an additional 49,516 shares during the period. Cullen Frost Bankers Inc. raised its position in Vanguard Real Estate ETF by 365.3% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,340 shares of the exchange traded fund’s stock worth $119,000 after purchasing an additional 1,052 shares during the last quarter. Archvest Wealth Advisors Inc. lifted its holdings in Vanguard Real Estate ETF by 6.1% during the 2nd quarter. Archvest Wealth Advisors Inc. now owns 94,459 shares of the exchange traded fund’s stock worth $8,413,000 after buying an additional 5,443 shares during the period. Finally, Kerntke Otto McGlone Wealth Management Group lifted its holdings in Vanguard Real Estate ETF by 2.5% during the 2nd quarter. Kerntke Otto McGlone Wealth Management Group now owns 11,892 shares of the exchange traded fund’s stock worth $1,059,000 after buying an additional 285 shares during the period. 60.03% of the stock is currently owned by institutional investors and hedge funds.

Vanguard Real Estate ETF Trading Up 0.4%

Shares of VNQ stock opened at $89.40 on Thursday. Vanguard Real Estate ETF has a 1-year low of $76.92 and a 1-year high of $94.95. The stock has a market cap of $33.72 billion, a price-to-earnings ratio of 35.58 and a beta of 1.03. The stock has a 50-day moving average of $89.99 and a 200-day moving average of $90.33.

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.