Novak & Powell Financial Services Inc. Buys 5,789 Shares of Vanguard Real Estate ETF $VNQ

Novak & Powell Financial Services Inc. boosted its stake in Vanguard Real Estate ETF (NYSEARCA:VNQ) by 49.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,433 shares of the exchange traded fund’s stock after buying an additional 5,789 shares during the quarter. Novak & Powell Financial Services Inc.’s holdings in Vanguard Real Estate ETF were worth $1,594,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Texas Capital Bancshares Inc TX bought a new position in shares of Vanguard Real Estate ETF during the third quarter valued at $44,000. Thompson Investment Management Inc. acquired a new stake in shares of Vanguard Real Estate ETF in the 3rd quarter valued at $45,000. Corsicana & Co. bought a new stake in shares of Vanguard Real Estate ETF in the 3rd quarter worth about $47,000. Wealth Watch Advisors INC acquired a new stake in shares of Vanguard Real Estate ETF during the 3rd quarter worth about $47,000. Finally, Heartwood Wealth Advisors LLC acquired a new stake in shares of Vanguard Real Estate ETF during the 3rd quarter worth about $47,000. 60.03% of the stock is currently owned by institutional investors.

Vanguard Real Estate ETF Stock Up 0.8%

Shares of VNQ stock opened at $92.93 on Tuesday. The company has a market capitalization of $35.59 billion, a P/E ratio of 35.58 and a beta of 1.03. Vanguard Real Estate ETF has a 12-month low of $76.92 and a 12-month high of $96.23. The firm has a 50-day moving average price of $92.44 and a 200 day moving average price of $91.05.

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.