SVRN Asset Management LLC Makes New Investment in Vanguard Real Estate ETF $VNQ

SVRN Asset Management LLC purchased a new position in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 53,254 shares of the exchange traded fund’s stock, valued at approximately $4,712,000. Vanguard Real Estate ETF comprises 3.9% of SVRN Asset Management LLC’s holdings, making the stock its 8th largest position.

A number of other institutional investors also recently bought and sold shares of VNQ. IMG Wealth Management Inc. purchased a new stake in Vanguard Real Estate ETF during the 4th quarter worth about $26,000. Evermay Wealth Management LLC lifted its holdings in Vanguard Real Estate ETF by 46.5% during the 4th quarter. Evermay Wealth Management LLC now owns 356 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 113 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new stake in Vanguard Real Estate ETF during the 4th quarter worth about $34,000. Palisade Asset Management LLC purchased a new stake in Vanguard Real Estate ETF during the 3rd quarter worth about $36,000. Finally, Pittenger & Anderson Inc. purchased a new stake in Vanguard Real Estate ETF during the 4th quarter worth about $36,000. 60.03% of the stock is owned by hedge funds and other institutional investors.

Vanguard Real Estate ETF Price Performance

Shares of NYSEARCA VNQ opened at $98.51 on Friday. The company has a market capitalization of $37.97 billion, a price-to-earnings ratio of 35.58 and a beta of 0.98. The business has a 50-day moving average of $95.26 and a two-hundred day moving average of $92.49. Vanguard Real Estate ETF has a 1 year low of $86.84 and a 1 year high of $98.86.

About Vanguard Real Estate ETF

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.