Cambridge Capital Management LLC Takes $14.18 Million Position in Vanguard Real Estate ETF $VNQ

Cambridge Capital Management LLC acquired a new stake in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) in the second quarter, Holdings Channel.com reports. The firm acquired 159,229 shares of the exchange traded fund’s stock, valued at approximately $14,181,000. Vanguard Real Estate ETF makes up about 7.6% of Cambridge Capital Management LLC’s investment portfolio, making the stock its 6th largest position.

Several other hedge funds have also recently added to or reduced their stakes in VNQ. Brighton Jones LLC raised its position in Vanguard Real Estate ETF by 59.4% in the fourth quarter. Brighton Jones LLC now owns 30,762 shares of the exchange traded fund’s stock worth $2,740,000 after purchasing an additional 11,469 shares in the last quarter. Revolve Wealth Partners LLC raised its position in Vanguard Real Estate ETF by 267.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,599 shares of the exchange traded fund’s stock worth $677,000 after purchasing an additional 5,532 shares in the last quarter. GAMMA Investing LLC raised its position in Vanguard Real Estate ETF by 27.8% in the first quarter. GAMMA Investing LLC now owns 547 shares of the exchange traded fund’s stock worth $50,000 after purchasing an additional 119 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in Vanguard Real Estate ETF by 4.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 18,330 shares of the exchange traded fund’s stock worth $1,660,000 after purchasing an additional 765 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in Vanguard Real Estate ETF by 14.4% in the first quarter. Oppenheimer & Co. Inc. now owns 69,565 shares of the exchange traded fund’s stock worth $6,298,000 after purchasing an additional 8,750 shares in the last quarter. Institutional investors and hedge funds own 60.03% of the company’s stock.

Vanguard Real Estate ETF Stock Up 0.4%

NYSEARCA:VNQ opened at $92.22 on Thursday. Vanguard Real Estate ETF has a 12-month low of $76.92 and a 12-month high of $99.20. The firm has a market capitalization of $34.79 billion, a PE ratio of 35.58 and a beta of 0.91. The firm has a 50-day moving average price of $91.14 and a 200 day moving average price of $89.51.

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.