Rockland Trust Co. Lowers Position in Vanguard Real Estate ETF $VNQ

Rockland Trust Co. cut its holdings in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) by 14.7% in the second quarter, HoldingsChannel.com reports. The firm owned 21,928 shares of the exchange traded fund’s stock after selling 3,774 shares during the quarter. Rockland Trust Co.’s holdings in Vanguard Real Estate ETF were worth $1,953,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of VNQ. State of New Jersey Common Pension Fund D lifted its stake in Vanguard Real Estate ETF by 87.5% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 8,598,869 shares of the exchange traded fund’s stock worth $778,542,000 after acquiring an additional 4,013,382 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Vanguard Real Estate ETF by 458.2% during the 1st quarter. BNP Paribas Financial Markets now owns 3,252,481 shares of the exchange traded fund’s stock worth $294,480,000 after acquiring an additional 2,669,771 shares in the last quarter. Empower Advisory Group LLC lifted its stake in Vanguard Real Estate ETF by 17.5% during the 1st quarter. Empower Advisory Group LLC now owns 13,858,639 shares of the exchange traded fund’s stock worth $1,254,761,000 after acquiring an additional 2,064,842 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Vanguard Real Estate ETF by 33.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,696,203 shares of the exchange traded fund’s stock worth $425,194,000 after acquiring an additional 1,178,304 shares in the last quarter. Finally, Citigroup Inc. lifted its stake in Vanguard Real Estate ETF by 1,384.8% during the 1st quarter. Citigroup Inc. now owns 879,620 shares of the exchange traded fund’s stock worth $79,641,000 after acquiring an additional 820,378 shares in the last quarter. 60.03% of the stock is currently owned by hedge funds and other institutional investors.

Vanguard Real Estate ETF Trading Up 0.2%

VNQ opened at $92.25 on Friday. The stock’s 50-day moving average price is $90.82 and its 200 day moving average price is $89.48. Vanguard Real Estate ETF has a 12-month low of $76.92 and a 12-month high of $99.22. The firm has a market cap of $34.58 billion, a price-to-earnings ratio of 35.58 and a beta of 0.91.

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.