Spire Wealth Management Cuts Stock Position in Vanguard Real Estate ETF (NYSEARCA:VNQ)

Spire Wealth Management lowered its holdings in Vanguard Real Estate ETF (NYSEARCA:VNQ) by 2.1% in the second quarter, HoldingsChannel reports. The firm owned 57,736 shares of the exchange traded fund’s stock after selling 1,214 shares during the quarter. Spire Wealth Management’s holdings in Vanguard Real Estate ETF were worth $4,817,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its stake in Vanguard Real Estate ETF by 87.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 9,746,686 shares of the exchange traded fund’s stock worth $861,217,000 after buying an additional 4,547,415 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Vanguard Real Estate ETF by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 2,239,091 shares of the exchange traded fund’s stock worth $187,546,000 after purchasing an additional 10,732 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Vanguard Real Estate ETF by 59.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,887,119 shares of the exchange traded fund’s stock valued at $166,746,000 after buying an additional 705,607 shares during the period. Beacon Capital Management Inc. raised its position in Vanguard Real Estate ETF by 223.8% during the 1st quarter. Beacon Capital Management Inc. now owns 1,857,598 shares of the exchange traded fund’s stock worth $157,952,000 after buying an additional 1,283,964 shares during the last quarter. Finally, Board of Trustees of The Leland Stanford Junior University acquired a new stake in Vanguard Real Estate ETF in the fourth quarter valued at about $150,204,000.

Vanguard Real Estate ETF Price Performance

NYSEARCA VNQ traded up $0.91 on Friday, hitting $95.13. 3,489,966 shares of the company’s stock were exchanged, compared to its average volume of 4,247,506. The firm’s 50-day moving average price is $89.00 and its two-hundred day moving average price is $85.43. The firm has a market cap of $37.44 billion, a price-to-earnings ratio of 22.09 and a beta of 1.03. Vanguard Real Estate ETF has a fifty-two week low of $70.61 and a fifty-two week high of $95.37.

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.