Sandy Spring Bank Reduces Stock Position in Vanguard Real Estate ETF (NYSEARCA:VNQ)

Sandy Spring Bank lowered its stake in Vanguard Real Estate ETF (NYSEARCA:VNQ) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,930 shares of the exchange traded fund’s stock after selling 308 shares during the quarter. Sandy Spring Bank’s holdings in Vanguard Real Estate ETF were worth $617,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Godsey & Gibb Inc. bought a new position in Vanguard Real Estate ETF in the fourth quarter worth approximately $26,000. Decker Retirement Planning Inc. bought a new position in Vanguard Real Estate ETF in the fourth quarter worth approximately $26,000. Howard Capital Management Group LLC bought a new position in Vanguard Real Estate ETF in the fourth quarter worth approximately $26,000. CKW Financial Group bought a new position in Vanguard Real Estate ETF in the fourth quarter worth approximately $27,000. Finally, Laurel Wealth Advisors LLC raised its position in Vanguard Real Estate ETF by 73.1% in the fourth quarter. Laurel Wealth Advisors LLC now owns 386 shares of the exchange traded fund’s stock worth $34,000 after acquiring an additional 163 shares during the period.

Vanguard Real Estate ETF Trading Down 1.1 %

VNQ opened at $90.27 on Friday. Vanguard Real Estate ETF has a 1-year low of $78.27 and a 1-year high of $99.58. The company has a market capitalization of $98.39 billion, a PE ratio of 33.73 and a beta of 1.08. The firm’s 50 day simple moving average is $91.18 and its two-hundred day simple moving average is $93.36.

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.