Balanced Wealth Group LLC Invests $7.45 Million in Vanguard Real Estate ETF (NYSEARCA:VNQ)

Balanced Wealth Group LLC acquired a new position in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 84,291 shares of the exchange traded fund’s stock, valued at approximately $7,448,000. Vanguard Real Estate ETF accounts for about 3.9% of Balanced Wealth Group LLC’s holdings, making the stock its 6th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new stake in Vanguard Real Estate ETF in the 4th quarter valued at approximately $27,000. Buck Wealth Strategies LLC purchased a new stake in shares of Vanguard Real Estate ETF during the third quarter worth about $27,000. Halpern Financial Inc. acquired a new position in shares of Vanguard Real Estate ETF in the fourth quarter valued at approximately $33,000. ORG Partners LLC lifted its stake in shares of Vanguard Real Estate ETF by 105.8% during the fourth quarter. ORG Partners LLC now owns 391 shares of the exchange traded fund’s stock valued at $35,000 after buying an additional 201 shares during the period. Finally, Capital Investment Counsel Inc acquired a new position in Vanguard Real Estate ETF in the 3rd quarter valued at $30,000.

Vanguard Real Estate ETF Price Performance

NYSEARCA:VNQ traded down $0.69 during mid-day trading on Wednesday, reaching $81.45. The company’s stock had a trading volume of 4,129,094 shares, compared to its average volume of 4,863,725. Vanguard Real Estate ETF has a twelve month low of $70.61 and a twelve month high of $90.09. The stock has a market cap of $32.06 billion, a P/E ratio of 22.09 and a beta of 1.03. The company’s fifty day simple moving average is $83.56 and its two-hundred day simple moving average is $83.09.

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.