LMG Wealth Partners LLC Raises Holdings in Vanguard Real Estate ETF $VNQ

LMG Wealth Partners LLC raised its position in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) by 0.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 64,418 shares of the exchange traded fund’s stock after buying an additional 324 shares during the period. Vanguard Real Estate ETF makes up about 1.2% of LMG Wealth Partners LLC’s portfolio, making the stock its 28th biggest holding. LMG Wealth Partners LLC’s holdings in Vanguard Real Estate ETF were worth $5,737,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of VNQ. Allspring Global Investments Holdings LLC boosted its holdings in Vanguard Real Estate ETF by 65.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 22,278 shares of the exchange traded fund’s stock valued at $2,018,000 after purchasing an additional 8,816 shares during the period. GAMMA Investing LLC increased its position in shares of Vanguard Real Estate ETF by 27.8% during 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. Mirae Asset Global Investments Co. Ltd. increased its position in Vanguard Real Estate ETF by 100.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,000 shares of the exchange traded fund’s stock valued at $179,000 after acquiring an additional 1,000 shares during the period. Kerntke Otto McGlone Wealth Management Group increased its position in Vanguard Real Estate ETF by 2.5% in the 2nd quarter. Kerntke Otto McGlone Wealth Management Group now owns 11,892 shares of the exchange traded fund’s stock valued at $1,059,000 after acquiring an additional 285 shares during the period. Finally, North Star Investment Management Corp. increased its position in Vanguard Real Estate ETF by 9.1% in the 2nd quarter. North Star Investment Management Corp. now owns 12,613 shares of the exchange traded fund’s stock valued at $1,123,000 after acquiring an additional 1,053 shares during the period. 60.03% of the stock is currently owned by hedge funds and other institutional investors.

Vanguard Real Estate ETF Trading Up 0.7%

Shares of VNQ stock opened at $91.17 on Monday. Vanguard Real Estate ETF has a 12-month low of $76.92 and a 12-month high of $99.20. The company has a market cap of $34.39 billion, a price-to-earnings ratio of 35.58 and a beta of 0.91. The stock has a 50 day simple moving average of $90.96 and a 200-day simple moving average of $89.42.

Vanguard Real Estate ETF 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.