Vanguard Real Estate ETF $VNQ Shares Sold by Mechanics Bank Trust Department

Mechanics Bank Trust Department lessened its holdings in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) by 13.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,619 shares of the exchange traded fund’s stock after selling 1,000 shares during the period. Mechanics Bank Trust Department’s holdings in Vanguard Real Estate ETF were worth $589,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in VNQ. State of New Jersey Common Pension Fund D boosted its holdings in shares of Vanguard Real Estate ETF by 87.5% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 8,598,869 shares of the exchange traded fund’s stock valued at $778,542,000 after buying an additional 4,013,382 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Vanguard Real Estate ETF by 458.2% during the first quarter. BNP Paribas Financial Markets now owns 3,252,481 shares of the exchange traded fund’s stock worth $294,480,000 after purchasing an additional 2,669,771 shares in the last quarter. Empower Advisory Group LLC lifted its holdings in shares of Vanguard Real Estate ETF by 17.5% in the 1st quarter. Empower Advisory Group LLC now owns 13,858,639 shares of the exchange traded fund’s stock valued at $1,254,761,000 after purchasing an additional 2,064,842 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Vanguard Real Estate ETF by 33.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,696,203 shares of the exchange traded fund’s stock valued at $425,194,000 after purchasing an additional 1,178,304 shares during the period. Finally, Citigroup Inc. increased its position in Vanguard Real Estate ETF by 1,384.8% during the first quarter. Citigroup Inc. now owns 879,620 shares of the exchange traded fund’s stock worth $79,641,000 after buying an additional 820,378 shares during the period. Hedge funds and other institutional investors own 60.03% of the company’s stock.

Vanguard Real Estate ETF Trading Up 0.0%

VNQ stock opened at $91.67 on Tuesday. The company has a market capitalization of $34.37 billion, a P/E ratio of 35.58 and a beta of 0.91. The business has a 50 day simple moving average of $90.88 and a 200-day simple moving average of $89.41. Vanguard Real Estate ETF has a twelve month low of $76.92 and a twelve month high of $99.22.

Vanguard Real Estate ETF Company 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.