Morris Financial Concepts Inc. Trims Position in Vanguard Real Estate ETF (NYSEARCA:VNQ)

Morris Financial Concepts Inc. trimmed its holdings in Vanguard Real Estate ETF (NYSEARCA:VNQ) by 27.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,750 shares of the exchange traded fund’s stock after selling 1,412 shares during the period. Morris Financial Concepts Inc.’s holdings in Vanguard Real Estate ETF were worth $334,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in VNQ. Eastern Bank purchased a new stake in shares of Vanguard Real Estate ETF in the third quarter valued at about $26,000. Godsey & Gibb Inc. purchased a new stake in shares of Vanguard Real Estate ETF in the fourth quarter valued at about $26,000. Decker Retirement Planning Inc. purchased a new stake in shares of Vanguard Real Estate ETF in the fourth quarter valued at about $26,000. Howard Capital Management Group LLC purchased a new stake in shares of Vanguard Real Estate ETF in the fourth quarter valued at about $26,000. Finally, CKW Financial Group acquired a new position in shares of Vanguard Real Estate ETF during the fourth quarter worth about $27,000.

Vanguard Real Estate ETF Stock Down 0.9 %

Shares of Vanguard Real Estate ETF stock opened at $91.14 on Thursday. Vanguard Real Estate ETF has a 52-week low of $78.27 and a 52-week high of $99.58. The company’s 50-day simple moving average is $90.53 and its 200-day simple moving average is $93.41. The firm has a market cap of $35.87 billion, a price-to-earnings ratio of 22.09 and a beta of 1.03.

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.