Beacon Pointe Advisors LLC Cuts Holdings in Vanguard Real Estate ETF (NYSEARCA:VNQ)

Beacon Pointe Advisors LLC trimmed its stake in Vanguard Real Estate ETF (NYSEARCA:VNQ) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 117,829 shares of the exchange traded fund’s stock after selling 5,296 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Vanguard Real Estate ETF were worth $10,496,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in Vanguard Real Estate ETF during the fourth quarter valued at $124,165,000. Brooklyn FI LLC grew its holdings in Vanguard Real Estate ETF by 6,345.2% during the fourth quarter. Brooklyn FI LLC now owns 1,308,438 shares of the exchange traded fund’s stock valued at $123,579,000 after purchasing an additional 1,288,137 shares during the period. FIDELIS iM LLC grew its holdings in Vanguard Real Estate ETF by 879.7% during the fourth quarter. FIDELIS iM LLC now owns 801,855 shares of the exchange traded fund’s stock valued at $71,429,000 after purchasing an additional 720,010 shares during the period. US Bancorp DE grew its holdings in Vanguard Real Estate ETF by 11.5% during the fourth quarter. US Bancorp DE now owns 5,665,065 shares of the exchange traded fund’s stock valued at $504,644,000 after purchasing an additional 585,657 shares during the period. Finally, Exchange Traded Concepts LLC grew its holdings in Vanguard Real Estate ETF by 685.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 445,162 shares of the exchange traded fund’s stock valued at $39,655,000 after purchasing an additional 388,506 shares during the period.

Vanguard Real Estate ETF Trading Up 0.6 %

Shares of NYSEARCA VNQ opened at $87.55 on Tuesday. The stock has a fifty day simple moving average of $88.89 and a two-hundred day simple moving average of $91.36. Vanguard Real Estate ETF has a 1-year low of $76.92 and a 1-year high of $99.58. The firm has a market cap of $92.80 billion, a price-to-earnings ratio of 31.68 and a beta of 1.00.

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.