Novem Group Makes New Investment in Vanguard Real Estate ETF (NYSEARCA:VNQ)

Novem Group acquired a new position in Vanguard Real Estate ETF (NYSEARCA:VNQ) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 23,759 shares of the exchange traded fund’s stock, valued at approximately $2,116,000.

A number of other institutional investors also recently made changes to their positions in the business. Howard Capital Management Group LLC bought a new position in shares of Vanguard Real Estate ETF during the fourth quarter valued at about $26,000. CKW Financial Group bought a new position in Vanguard Real Estate ETF during the 4th quarter worth approximately $27,000. Nemes Rush Group LLC bought a new position in Vanguard Real Estate ETF during the 4th quarter worth approximately $27,000. Roxbury Financial LLC purchased a new position in Vanguard Real Estate ETF in the 4th quarter worth approximately $37,000. Finally, Golden State Wealth Management LLC bought a new stake in Vanguard Real Estate ETF in the fourth quarter valued at approximately $41,000.

Vanguard Real Estate ETF Stock Performance

NYSEARCA:VNQ opened at $89.79 on Wednesday. Vanguard Real Estate ETF has a fifty-two week low of $76.92 and a fifty-two week high of $99.58. The firm has a market cap of $95.18 billion, a PE ratio of 32.32 and a beta of 1.03. The business has a 50 day moving average price of $87.88 and a 200-day moving average price of $90.63.

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.