Magnolia Wealth Management LLC Boosts Holdings in Vanguard Real Estate ETF $VNQ

Magnolia Wealth Management LLC grew its stake in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) by 11.7% in the second quarter, Holdings Channel reports. The institutional investor owned 136,305 shares of the exchange traded fund’s stock after purchasing an additional 14,229 shares during the period. Vanguard Real Estate ETF accounts for approximately 6.9% of Magnolia Wealth Management LLC’s holdings, making the stock its 6th biggest position. Magnolia Wealth Management LLC’s holdings in Vanguard Real Estate ETF were worth $13,144,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in VNQ. Hutchens & Kramer Investment Management Group LLC raised its holdings in Vanguard Real Estate ETF by 5.6% in the 2nd quarter. Hutchens & Kramer Investment Management Group LLC now owns 21,624 shares of the exchange traded fund’s stock valued at $2,085,000 after acquiring an additional 1,147 shares in the last quarter. Advisory Solutions Group LLC bought a new stake in shares of Vanguard Real Estate ETF in the 2nd quarter worth approximately $10,830,000. Compass Financial Management LLC acquired a new stake in shares of Vanguard Real Estate ETF during the 2nd quarter worth approximately $2,586,000. NBH Bank acquired a new stake in shares of Vanguard Real Estate ETF during the 2nd quarter worth approximately $108,000. Finally, Tenet Wealth Partners LLC bought a new stake in shares of Vanguard Real Estate ETF during the second quarter valued at approximately $285,000. Institutional investors own 60.03% of the company’s stock.

Vanguard Real Estate ETF Trading Down 0.7%

VNQ opened at $96.02 on Friday. The stock’s 50 day simple moving average is $98.23 and its 200-day simple moving average is $95.78. The stock has a market cap of $38.05 billion, a PE ratio of 35.58 and a beta of 0.96. Vanguard Real Estate ETF has a 1 year low of $86.84 and a 1 year high of $101.80.

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.