Penobscot Wealth Management Purchases 1,324 Shares of Vanguard Real Estate ETF (NYSEARCA:VNQ)

Penobscot Wealth Management grew its position in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) by 9.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 16,096 shares of the exchange traded fund’s stock after acquiring an additional 1,324 shares during the quarter. Vanguard Real Estate ETF makes up 0.7% of Penobscot Wealth Management’s holdings, making the stock its 27th largest holding. Penobscot Wealth Management’s holdings in Vanguard Real Estate ETF were worth $1,434,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of VNQ. Howard Capital Management Group LLC bought a new position in Vanguard Real Estate ETF in the 4th quarter worth $26,000. Godsey & Gibb Inc. bought a new position in Vanguard Real Estate ETF in the 4th quarter worth $26,000. Decker Retirement Planning Inc. bought a new position in Vanguard Real Estate ETF in the 4th quarter worth $26,000. CKW Financial Group bought a new position in Vanguard Real Estate ETF in the 4th quarter worth $27,000. Finally, Roxbury Financial LLC bought a new position in Vanguard Real Estate ETF in the 4th quarter worth $37,000.

Vanguard Real Estate ETF Stock Performance

Shares of Vanguard Real Estate ETF stock opened at $90.18 on Thursday. Vanguard Real Estate ETF has a one year low of $78.27 and a one year high of $99.58. The stock’s fifty day moving average is $90.78 and its 200 day moving average is $93.55. The stock has a market cap of $98.30 billion, a P/E ratio of 34.84 and a beta of 1.07.

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.