Pinney & Scofield Inc. Makes New Investment in Vanguard Real Estate ETF (NYSEARCA:VNQ)

Pinney & Scofield Inc. acquired a new position in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,278 shares of the exchange traded fund’s stock, valued at approximately $292,000.

Other hedge funds have also recently added to or reduced their stakes in the company. CKW Financial Group bought a new stake in Vanguard Real Estate ETF during the 4th quarter worth about $27,000. Nemes Rush Group LLC bought a new stake in Vanguard Real Estate ETF during the 4th quarter worth about $27,000. Roxbury Financial LLC bought a new stake in Vanguard Real Estate ETF during the 4th quarter worth about $37,000. Golden State Wealth Management LLC bought a new stake in Vanguard Real Estate ETF during the 4th quarter worth about $41,000. Finally, Providence First Trust Co bought a new stake in Vanguard Real Estate ETF during the 4th quarter worth about $42,000.

Vanguard Real Estate ETF Stock Up 0.1%

Shares of NYSEARCA:VNQ opened at $87.09 on Friday. Vanguard Real Estate ETF has a 12 month low of $76.92 and a 12 month high of $99.58. The company’s 50-day moving average price is $87.64 and its two-hundred day moving average price is $90.50. The firm has a market cap of $92.32 billion, a P/E ratio of 32.32 and a beta of 1.03.

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.