Bank of New York Mellon Corp Raises Holdings in Vanguard Real Estate ETF $VNQ

Bank of New York Mellon Corp increased its position in Vanguard Real Estate ETF (NYSEARCA:VNQ) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,695,086 shares of the exchange traded fund’s stock after buying an additional 14,957 shares during the quarter. Bank of New York Mellon Corp’s holdings in Vanguard Real Estate ETF were worth $238,488,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. acquired a new position in Vanguard Real Estate ETF in the fourth quarter worth about $26,000. Evermay Wealth Management LLC raised its stake in Vanguard Real Estate ETF by 46.5% during the 4th quarter. Evermay Wealth Management LLC now owns 356 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 113 shares during the period. Laurel Wealth Advisors LLC purchased a new position in shares of Vanguard Real Estate ETF during the 4th quarter valued at $34,000. Palisade Asset Management LLC purchased a new position in shares of Vanguard Real Estate ETF during the 3rd quarter valued at $36,000. Finally, Pittenger & Anderson Inc. purchased a new position in shares of Vanguard Real Estate ETF during the 4th quarter valued at $36,000. 60.03% of the stock is owned by hedge funds and other institutional investors.

Vanguard Real Estate ETF Stock Up 0.7%

Vanguard Real Estate ETF stock opened at $96.79 on Friday. Vanguard Real Estate ETF has a 12 month low of $86.84 and a 12 month high of $97.71. The company’s fifty day simple moving average is $94.31 and its 200-day simple moving average is $92.20. The stock has a market cap of $37.31 billion, a P/E ratio of 35.58 and a beta of 0.98.

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.