Summit Financial LLC Boosts Stock Position in Vanguard Real Estate ETF (NYSEARCA:VNQ)

Summit Financial LLC grew its holdings in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) by 15.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 11,783 shares of the exchange traded fund’s stock after purchasing an additional 1,602 shares during the period. Summit Financial LLC’s holdings in Vanguard Real Estate ETF were worth $1,050,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Godsey & Gibb Inc. acquired a new position in Vanguard Real Estate ETF in the fourth quarter valued at approximately $26,000. Decker Retirement Planning Inc. purchased a new stake in shares of Vanguard Real Estate ETF during the 4th quarter worth approximately $26,000. Howard Capital Management Group LLC acquired a new position in shares of Vanguard Real Estate ETF in the 4th quarter valued at $26,000. CKW Financial Group purchased a new position in shares of Vanguard Real Estate ETF in the 4th quarter valued at $27,000. Finally, Laurel Wealth Advisors LLC raised its stake in 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 worth $34,000 after acquiring an additional 163 shares in the last quarter.

Vanguard Real Estate ETF Price Performance

NYSEARCA VNQ opened at $90.58 on Wednesday. The company has a fifty day moving average of $91.37 and a two-hundred day moving average of $93.01. The company has a market capitalization of $98.73 billion, a PE ratio of 32.61 and a beta of 1.00. Vanguard Real Estate ETF has a 1 year low of $78.27 and a 1 year high of $99.58.

Vanguard Real Estate ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were given a $0.9319 dividend. The ex-dividend date of this dividend was Tuesday, March 25th.

Vanguard Real Estate ETF Company Profile

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.