Synovus Financial Corp Decreases Holdings in Vanguard Real Estate ETF (NYSEARCA:VNQ)

Synovus Financial Corp trimmed its stake in Vanguard Real Estate ETF (NYSEARCA:VNQ) by 21.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,934 shares of the exchange traded fund’s stock after selling 8,883 shares during the quarter. Synovus Financial Corp’s holdings in Vanguard Real Estate ETF were worth $2,846,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of VNQ. Van ECK Associates Corp purchased a new position in Vanguard Real Estate ETF in the fourth quarter valued at approximately $10,542,000. Proficio Capital Partners LLC bought a new stake in shares of Vanguard Real Estate ETF in the fourth quarter valued at $1,349,000. Thompson Siegel & Walmsley LLC lifted its position in shares of Vanguard Real Estate ETF by 22.4% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 16,044 shares of the exchange traded fund’s stock valued at $1,429,000 after buying an additional 2,936 shares during the last quarter. Avantax Advisory Services Inc. grew its stake in shares of Vanguard Real Estate ETF by 2.2% during the 4th quarter. Avantax Advisory Services Inc. now owns 834,703 shares of the exchange traded fund’s stock worth $74,355,000 after acquiring an additional 17,599 shares during the period. Finally, Argent Trust Co increased its holdings in Vanguard Real Estate ETF by 8.6% in the 4th quarter. Argent Trust Co now owns 11,610 shares of the exchange traded fund’s stock worth $1,034,000 after acquiring an additional 915 shares during the last quarter.

Vanguard Real Estate ETF Stock Up 2.1 %

NYSEARCA VNQ opened at $85.36 on Tuesday. The company has a market cap of $93.04 billion, a PE ratio of 32.61 and a beta of 1.00. Vanguard Real Estate ETF has a 52 week low of $76.92 and a 52 week high of $99.58. The firm’s 50-day simple moving average is $89.95 and its two-hundred day simple moving average is $91.97.

Vanguard Real Estate ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were paid a dividend of $0.9319 per share. The ex-dividend date was Tuesday, March 25th.

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.