Briggs Wealth Management Inc Invests $1.34 Million in Vanguard Real Estate ETF $VNQ

Briggs Wealth Management Inc acquired a new stake in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 15,118 shares of the exchange traded fund’s stock, valued at approximately $1,338,000. Vanguard Real Estate ETF makes up approximately 1.4% of Briggs Wealth Management Inc’s portfolio, making the stock its 11th largest holding.

Several other large investors also recently bought and sold shares of the business. Efficient Advisors LLC grew its position in Vanguard Real Estate ETF by 2.9% in the fourth quarter. Efficient Advisors LLC now owns 606,676 shares of the exchange traded fund’s stock worth $53,685,000 after acquiring an additional 17,250 shares during the period. Everhart Financial Group Inc. raised its position in Vanguard Real Estate ETF by 14.0% in the fourth quarter. Everhart Financial Group Inc. now owns 60,166 shares of the exchange traded fund’s stock valued at $5,324,000 after purchasing an additional 7,398 shares during the period. Finhabits Advisors LLC acquired a new position in shares of Vanguard Real Estate ETF in the 4th quarter valued at $3,406,000. Cambridge Advisors Inc. lifted its stake in shares of Vanguard Real Estate ETF by 10.7% in the 4th quarter. Cambridge Advisors Inc. now owns 84,718 shares of the exchange traded fund’s stock valued at $7,497,000 after purchasing an additional 8,213 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in shares of Vanguard Real Estate ETF by 3.1% in the 4th quarter. Assetmark Inc. now owns 861,933 shares of the exchange traded fund’s stock valued at $76,272,000 after purchasing an additional 26,059 shares during the last quarter. Hedge funds and other institutional investors own 60.03% of the company’s stock.

Vanguard Real Estate ETF Trading Down 0.1%

NYSEARCA VNQ opened at $95.56 on Friday. The stock has a fifty day simple moving average of $95.77 and a 200-day simple moving average of $92.67. The stock has a market cap of $36.84 billion, a PE ratio of 35.58 and a beta of 0.98. Vanguard Real Estate ETF has a twelve month low of $86.84 and a twelve month high of $99.15.

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.