MGO Private Wealth LLC Raises Stock Position in Vanguard Real Estate ETF $VNQ

MGO Private Wealth LLC boosted its stake in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) by 61.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 18,731 shares of the exchange traded fund’s stock after purchasing an additional 7,122 shares during the period. Vanguard Real Estate ETF makes up about 1.0% of MGO Private Wealth LLC’s investment portfolio, making the stock its 24th biggest position. MGO Private Wealth LLC’s holdings in Vanguard Real Estate ETF were worth $1,658,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IMG Wealth Management Inc. purchased a new stake in shares of Vanguard Real Estate ETF during the fourth quarter worth about $26,000. Evermay Wealth Management LLC raised its position in shares of Vanguard Real Estate ETF by 46.5% during the 4th quarter. Evermay Wealth Management LLC now owns 356 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 113 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new position in Vanguard Real Estate ETF in the 4th quarter valued at about $34,000. Pittenger & Anderson Inc. acquired a new stake in Vanguard Real Estate ETF in the 4th quarter worth about $36,000. Finally, Palisade Asset Management LLC acquired a new stake in Vanguard Real Estate ETF in the 3rd quarter worth about $36,000. 60.03% of the stock is owned by hedge funds and other institutional investors.

Vanguard Real Estate ETF Stock Performance

NYSEARCA:VNQ opened at $95.70 on Monday. The stock has a 50 day moving average of $93.70 and a two-hundred day moving average of $92.03. Vanguard Real Estate ETF has a 12 month low of $86.84 and a 12 month high of $97.71. The firm has a market cap of $36.89 billion, a P/E ratio of 35.58 and a beta of 1.00.

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.