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

Vanguard Real Estate ETF (NYSEARCA:VNQ) crossed 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.

Vanguard Real Estate ETF Stock Up 2.3%

The firm has a market cap of $37.65 billion, a PE ratio of 35.58 and a beta of 0.97. The firm’s fifty day simple moving average is $93.28 and its two-hundred day simple moving average is $94.53.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Garde Capital Inc. bought a new stake in shares of Vanguard Real Estate ETF in the 3rd quarter worth about $35,555,000. Elevate Wealth Advisory Inc. raised its position in shares of Vanguard Real Estate ETF by 4.0% during the 3rd quarter. Elevate Wealth Advisory Inc. now owns 49,008 shares of the exchange traded fund’s stock valued at $4,393,000 after buying an additional 1,896 shares in the last quarter. Certified Advisory Corp lifted its holdings in shares of Vanguard Real Estate ETF by 7.4% in the 3rd quarter. Certified Advisory Corp now owns 4,663 shares of the exchange traded fund’s stock valued at $418,000 after acquiring an additional 322 shares during the last quarter. Vigilare Wealth Management lifted its holdings in shares of Vanguard Real Estate ETF by 21.3% in the 3rd quarter. Vigilare Wealth Management now owns 41,042 shares of the exchange traded fund’s stock valued at $3,679,000 after acquiring an additional 7,217 shares during the last quarter. Finally, Trek Financial LLC lifted its holdings in shares of Vanguard Real Estate ETF by 10.7% in the 3rd quarter. Trek Financial LLC now owns 6,435 shares of the exchange traded fund’s stock valued at $577,000 after acquiring an additional 622 shares during the last quarter. Hedge funds and other 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.