Sumitomo Mitsui Trust Group Inc. Trims Stake in Vanguard Real Estate ETF $VNQ

Sumitomo Mitsui Trust Group Inc. lowered its position in Vanguard Real Estate ETF (NYSEARCA:VNQ) by 21.0% in the 1st quarter, Holdings Channel reports. The fund owned 112,270 shares of the exchange traded fund’s stock after selling 29,795 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Vanguard Real Estate ETF were worth $9,958,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its stake in Vanguard Real Estate ETF by 9.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 11,994,193 shares of the exchange traded fund’s stock worth $1,061,366,000 after purchasing an additional 1,033,999 shares during the period. Wealthfront Advisers LLC lifted its position in Vanguard Real Estate ETF by 7.4% during the fourth quarter. Wealthfront Advisers LLC now owns 10,039,327 shares of the exchange traded fund’s stock valued at $888,380,000 after buying an additional 695,474 shares during the period. Morgan Stanley lifted its position in Vanguard Real Estate ETF by 1.1% during the fourth quarter. Morgan Stanley now owns 9,890,313 shares of the exchange traded fund’s stock valued at $875,194,000 after buying an additional 111,978 shares during the period. Financial Engines Advisors L.L.C. boosted its holdings in shares of Vanguard Real Estate ETF by 1.6% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 3,370,746 shares of the exchange traded fund’s stock valued at $298,277,000 after buying an additional 53,115 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Vanguard Real Estate ETF by 0.6% during the 4th quarter. Bank of New York Mellon Corp now owns 2,695,086 shares of the exchange traded fund’s stock valued at $238,488,000 after buying an additional 14,957 shares in the last quarter. Hedge funds and other institutional investors own 60.03% of the company’s stock.

Vanguard Real Estate ETF Price Performance

NYSEARCA:VNQ opened at $97.57 on Wednesday. The firm’s 50-day moving average price is $96.69 and its 200-day moving average price is $93.70. The company has a market capitalization of $38.66 billion, a PE ratio of 35.58 and a beta of 0.98. Vanguard Real Estate ETF has a 1-year low of $86.84 and a 1-year high of $99.15.

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.