Sheets Smith Wealth Management Reduces Stock Holdings in Vanguard Real Estate ETF (NYSEARCA:VNQ)

Sheets Smith Wealth Management trimmed its position in Vanguard Real Estate ETF (NYSEARCA:VNQ) by 14.8% during the 4th quarter, HoldingsChannel reports. The firm owned 2,963 shares of the exchange traded fund’s stock after selling 513 shares during the period. Sheets Smith Wealth Management’s holdings in Vanguard Real Estate ETF were worth $264,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Eastern Bank purchased a new position in Vanguard Real Estate ETF in the third quarter worth about $26,000. Godsey & Gibb Inc. purchased a new position in shares of Vanguard Real Estate ETF during the 4th quarter valued at about $26,000. Decker Retirement Planning Inc. purchased a new position in shares of Vanguard Real Estate ETF during the 4th quarter valued at about $26,000. Howard Capital Management Group LLC purchased a new position in shares of Vanguard Real Estate ETF during the 4th quarter valued at about $26,000. Finally, Laurel Wealth Advisors LLC lifted its position in shares of Vanguard Real Estate ETF by 73.1% during the 4th quarter. Laurel Wealth Advisors LLC now owns 386 shares of the exchange traded fund’s stock valued at $34,000 after buying an additional 163 shares in the last quarter.

Vanguard Real Estate ETF Stock Down 1.7 %

VNQ stock opened at $89.74 on Thursday. Vanguard Real Estate ETF has a twelve month low of $78.27 and a twelve month high of $99.58. The stock has a market cap of $35.32 billion, a P/E ratio of 22.09 and a beta of 1.03. The business’s 50-day moving average price is $92.08 and its 200-day moving average price is $93.07.

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.