Vanguard Real Estate ETF (NYSEARCA:VNQ) Sets New 52-Week High – Still a Buy?

Vanguard Real Estate ETF (NYSEARCA:VNQ)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $96.40 and last traded at $96.40, with a volume of 683994 shares trading hands. The stock had previously closed at $95.16.

Vanguard Real Estate ETF Stock Performance

The business has a 50 day simple moving average of $92.57 and a two-hundred day simple moving average of $90.89. The firm has a market capitalization of $37.26 billion, a P/E ratio of 35.58 and a beta of 1.02.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Vanguard Real Estate ETF by 9.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 11,994,193 shares of the exchange traded fund’s stock worth $1,061,366,000 after acquiring an additional 1,033,999 shares in the last quarter. Wealthfront Advisers LLC raised its position in shares of Vanguard Real Estate ETF by 7.4% in the 4th quarter. Wealthfront Advisers LLC now owns 10,039,327 shares of the exchange traded fund’s stock worth $888,380,000 after acquiring an additional 695,474 shares in the last quarter. Morgan Stanley raised its position in shares of Vanguard Real Estate ETF by 1.1% in the 4th quarter. Morgan Stanley now owns 9,890,313 shares of the exchange traded fund’s stock worth $875,194,000 after acquiring an additional 111,978 shares in the last quarter. JPMorgan Chase & Co. increased its position in Vanguard Real Estate ETF by 6.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,535,135 shares of the exchange traded fund’s stock valued at $780,282,000 after buying an additional 498,006 shares in the last quarter. Finally, US Bancorp DE increased its position in Vanguard Real Estate ETF by 2.5% during the 3rd quarter. US Bancorp DE now owns 5,176,306 shares of the exchange traded fund’s stock valued at $473,218,000 after buying an additional 124,389 shares in the last quarter. Institutional investors own 60.03% of the company’s stock.

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.