Vanguard Real Estate ETF (NYSEARCA:VNQ) Shares Break Above 50 Day Moving Average – Here’s Why

Vanguard Real Estate ETF (NYSEARCA:VNQ)’s stock price passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $93.28 and traded as high as $94.03. Vanguard Real Estate ETF shares last traded at $93.87, with a volume of 3,939,145 shares traded.

Vanguard Real Estate ETF Price Performance

The company has a market capitalization of $37.68 billion, a price-to-earnings ratio of 35.58 and a beta of 0.97. The business has a fifty day moving average price of $93.18 and a 200 day moving average price of $94.55.

Institutional Investors Weigh In On Vanguard Real Estate ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC raised its holdings in shares of Vanguard Real Estate ETF by 6.5% during the 1st quarter. Valued Wealth Advisors LLC now owns 1,694 shares of the exchange traded fund’s stock worth $150,000 after buying an additional 104 shares in the last quarter. Uptown Financial Advisors LLC boosted its stake in Vanguard Real Estate ETF by 1.1% in the second quarter. Uptown Financial Advisors LLC now owns 9,499 shares of the exchange traded fund’s stock valued at $916,000 after buying an additional 105 shares in the last quarter. Sage Investment Counsel LLC boosted its stake in Vanguard Real Estate ETF by 1.6% in the first quarter. Sage Investment Counsel LLC now owns 6,756 shares of the exchange traded fund’s stock valued at $599,000 after buying an additional 107 shares in the last quarter. Davis R M Inc. grew its position in Vanguard Real Estate ETF by 3.8% in the first quarter. Davis R M Inc. now owns 3,120 shares of the exchange traded fund’s stock valued at $277,000 after acquiring an additional 115 shares during the last quarter. Finally, Pension & Wealth Management Advisors Inc. grew its position in Vanguard Real Estate ETF by 10.5% in the third quarter. Pension & Wealth Management Advisors Inc. now owns 1,216 shares of the exchange traded fund’s stock valued at $109,000 after acquiring an additional 116 shares during the last quarter. Institutional investors own 60.03% of the company’s stock.

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.