Novem Group Invests $2.12 Million in Vanguard Real Estate ETF (NYSEARCA:VNQ)

Novem Group purchased a new stake in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 23,759 shares of the exchange traded fund’s stock, valued at approximately $2,116,000.

A number of other hedge funds also recently bought and sold shares of VNQ. Empower Advisory Group LLC grew its position in shares of Vanguard Real Estate ETF by 3.2% in the 4th quarter. Empower Advisory Group LLC now owns 11,793,797 shares of the exchange traded fund’s stock worth $1,050,591,000 after buying an additional 370,503 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Vanguard Real Estate ETF by 2.7% during the third quarter. JPMorgan Chase & Co. now owns 9,979,016 shares of the exchange traded fund’s stock valued at $972,156,000 after acquiring an additional 263,065 shares in the last quarter. US Bancorp DE lifted its stake in Vanguard Real Estate ETF by 11.5% in the fourth quarter. US Bancorp DE now owns 5,665,065 shares of the exchange traded fund’s stock worth $504,644,000 after acquiring an additional 585,657 shares during the period. Wells Fargo & Company MN boosted its holdings in Vanguard Real Estate ETF by 5.1% in the fourth quarter. Wells Fargo & Company MN now owns 4,654,494 shares of the exchange traded fund’s stock valued at $414,622,000 after acquiring an additional 227,202 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec bought a new stake in Vanguard Real Estate ETF in the fourth quarter valued at $299,211,000.

Vanguard Real Estate ETF Trading Down 0.6%

Shares of Vanguard Real Estate ETF stock opened at $89.79 on Wednesday. The company’s fifty day simple moving average is $87.88 and its two-hundred day simple moving average is $90.63. Vanguard Real Estate ETF has a 12-month low of $76.92 and a 12-month high of $99.58. The company has a market cap of $95.18 billion, a P/E ratio of 32.32 and a beta of 1.03.

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.