Vanguard Real Estate ETF (NYSEARCA:VNQ) Hits New 12-Month High – Should You Buy?

Vanguard Real Estate ETF (NYSEARCA:VNQ)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $97.77 and last traded at $97.58, with a volume of 1585949 shares traded. The stock had previously closed at $95.47.

Vanguard Real Estate ETF Stock Performance

The company has a 50-day moving average price of $94.89 and a 200-day moving average price of $92.39. The company has a market capitalization of $37.63 billion, a price-to-earnings ratio of 35.58 and a beta of 0.98.

Hedge Funds Weigh In On Vanguard Real Estate ETF

Several institutional investors and hedge funds have recently modified their holdings of VNQ. State Street Corp grew its position in shares of Vanguard Real Estate ETF by 735.3% in the 2nd quarter. State Street Corp now owns 1,592,905 shares of the exchange traded fund’s stock valued at $141,864,000 after purchasing an additional 1,402,196 shares during the period. Corient Private Wealth LLC grew its position in shares of Vanguard Real Estate ETF by 97.2% in the 2nd quarter. Corient Private Wealth LLC now owns 2,220,304 shares of the exchange traded fund’s stock valued at $197,740,000 after purchasing an additional 1,094,540 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Vanguard Real Estate ETF by 9.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 11,994,193 shares of the exchange traded fund’s stock valued at $1,061,366,000 after purchasing an additional 1,033,999 shares during the period. Bank of New York Mellon Corp grew its position in shares of Vanguard Real Estate ETF by 27.3% in the 1st quarter. Bank of New York Mellon Corp now owns 3,431,398 shares of the exchange traded fund’s stock valued at $304,365,000 after purchasing an additional 736,312 shares during the period. Finally, Wealthfront Advisers LLC grew its position in shares of Vanguard Real Estate ETF by 7.4% in the 4th quarter. Wealthfront Advisers LLC now owns 10,039,327 shares of the exchange traded fund’s stock valued at $888,380,000 after purchasing an additional 695,474 shares during the period. 60.03% of the stock is currently owned by institutional investors and hedge funds.

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.