Narwhal Capital Management Has $434,000 Position in Vanguard Real Estate ETF $VNQ

Narwhal Capital Management reduced its holdings in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) by 78.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,877 shares of the exchange traded fund’s stock after selling 17,443 shares during the period. Narwhal Capital Management’s holdings in Vanguard Real Estate ETF were worth $434,000 at the end of the most recent reporting period.

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

Vanguard Real Estate ETF Stock Down 0.5%

NYSEARCA:VNQ opened at $89.76 on Thursday. The firm has a market cap of $33.61 billion, a PE ratio of 35.58 and a beta of 0.91. Vanguard Real Estate ETF has a 12 month low of $76.92 and a 12 month high of $99.20. The company’s 50-day moving average price is $90.93 and its two-hundred day moving average price is $89.45.

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.