Proffitt & Goodson Inc. Acquires 38,255 Shares of Vanguard Real Estate ETF $VNQ

Proffitt & Goodson Inc. grew its holdings in Vanguard Real Estate ETF (NYSEARCA:VNQ) by 1,194.0% during the 2nd quarter, Holdings Channel reports. The fund owned 41,459 shares of the exchange traded fund’s stock after buying an additional 38,255 shares during the period. Vanguard Real Estate ETF comprises 0.6% of Proffitt & Goodson Inc.’s portfolio, making the stock its 25th biggest holding. Proffitt & Goodson Inc.’s holdings in Vanguard Real Estate ETF were worth $3,692,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in VNQ. State of New Jersey Common Pension Fund D raised its position in Vanguard Real Estate ETF by 87.5% in the first quarter. State of New Jersey Common Pension Fund D now owns 8,598,869 shares of the exchange traded fund’s stock worth $778,542,000 after acquiring an additional 4,013,382 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Vanguard Real Estate ETF by 458.2% in the first quarter. BNP Paribas Financial Markets now owns 3,252,481 shares of the exchange traded fund’s stock worth $294,480,000 after purchasing an additional 2,669,771 shares in the last quarter. Empower Advisory Group LLC increased its stake in shares of Vanguard Real Estate ETF by 17.5% in the first quarter. Empower Advisory Group LLC now owns 13,858,639 shares of the exchange traded fund’s stock worth $1,254,761,000 after purchasing an additional 2,064,842 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Vanguard Real Estate ETF by 33.5% in the first quarter. Goldman Sachs Group Inc. now owns 4,696,203 shares of the exchange traded fund’s stock worth $425,194,000 after purchasing an additional 1,178,304 shares in the last quarter. Finally, Citigroup Inc. increased its stake in shares of Vanguard Real Estate ETF by 1,384.8% in the first quarter. Citigroup Inc. now owns 879,620 shares of the exchange traded fund’s stock worth $79,641,000 after purchasing an additional 820,378 shares in the last quarter. 60.03% of the stock is currently owned by institutional investors.

Vanguard Real Estate ETF Price Performance

Shares of NYSEARCA VNQ opened at $90.23 on Wednesday. The firm has a fifty day moving average price of $90.94 and a 200-day moving average price of $89.44. The stock has a market cap of $33.79 billion, a PE ratio of 35.58 and a beta of 0.91. Vanguard Real Estate ETF has a 1 year low of $76.92 and a 1 year high of $99.20.

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.