Ironwood Investment Counsel LLC Trims Stake in Vanguard Real Estate ETF $VNQ

Ironwood Investment Counsel LLC lowered its position in Vanguard Real Estate ETF (NYSEARCA:VNQ) by 8.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 6,088 shares of the exchange traded fund’s stock after selling 597 shares during the period. Ironwood Investment Counsel LLC’s holdings in Vanguard Real Estate ETF were worth $542,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Hantz Financial Services Inc. raised its holdings in shares of Vanguard Real Estate ETF by 123.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 313 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 173 shares in the last quarter. Cohalo Advisory LLC bought a new position in shares of Vanguard Real Estate ETF in the second quarter worth approximately $29,000. Reyes Financial Architecture Inc. raised its stake in Vanguard Real Estate ETF by 405.5% in the second quarter. Reyes Financial Architecture Inc. now owns 369 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 296 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in Vanguard Real Estate ETF in the second quarter valued at approximately $33,000. Finally, Aberdeen Wealth Management LLC bought a new stake in Vanguard Real Estate ETF during the first quarter valued at approximately $40,000. 60.03% of the stock is currently owned by hedge funds and other institutional investors.

Vanguard Real Estate ETF Price Performance

VNQ stock opened at $90.51 on Thursday. The firm has a 50 day simple moving average of $90.92 and a two-hundred day simple moving average of $90.16. The stock has a market cap of $34.14 billion, a PE ratio of 35.58 and a beta of 1.03. Vanguard Real Estate ETF has a one year low of $76.92 and a one year high of $99.20.

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.