Powerhouse Assets LLC bought a new position in Vanguard Real Estate ETF (NYSEARCA:VNQ – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 9,723 shares of the exchange traded fund’s stock, valued at approximately $860,000. Vanguard Real Estate ETF makes up approximately 0.8% of Powerhouse Assets LLC’s investment portfolio, making the stock its 23rd largest holding.
Several other hedge funds have also recently modified their holdings of VNQ. Palisade Asset Management LLC bought a new position in shares of Vanguard Real Estate ETF during the third quarter valued at $36,000. Texas Capital Bancshares Inc TX bought a new stake in Vanguard Real Estate ETF in the 3rd quarter worth about $44,000. Thompson Investment Management Inc. purchased a new position in Vanguard Real Estate ETF in the 3rd quarter worth about $45,000. Heartwood Wealth Advisors LLC purchased a new position in Vanguard Real Estate ETF in the 3rd quarter worth about $47,000. Finally, Corsicana & Co. bought a new position in Vanguard Real Estate ETF during the 3rd quarter valued at about $47,000. Hedge funds and other institutional investors own 60.03% of the company’s stock.
Vanguard Real Estate ETF Stock Up 0.4%
Shares of NYSEARCA VNQ opened at $89.02 on Thursday. The firm’s 50-day moving average price is $92.13 and its 200-day moving average price is $90.83. Vanguard Real Estate ETF has a 52-week low of $76.92 and a 52-week high of $96.23. The company has a market cap of $34.09 billion, a PE ratio of 35.58 and a beta of 1.03.
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.
See Also
Want to see what other hedge funds are holding VNQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vanguard Real Estate ETF (NYSEARCA:VNQ – Free Report).
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