PNC Financial Services Group Inc. Trims Holdings in Vanguard Real Estate ETF (NYSEARCA:VNQ)

PNC Financial Services Group Inc. lowered its stake in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,289,388 shares of the exchange traded fund’s stock after selling 54,032 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Vanguard Real Estate ETF were worth $114,859,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. QRG Capital Management Inc. bought a new position in shares of Vanguard Real Estate ETF during the third quarter worth about $244,000. Concurrent Investment Advisors LLC lifted its holdings in Vanguard Real Estate ETF by 19.5% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 11,967 shares of the exchange traded fund’s stock worth $1,166,000 after buying an additional 1,956 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Vanguard Real Estate ETF by 3.4% in the 3rd quarter. Principal Financial Group Inc. now owns 685,311 shares of the exchange traded fund’s stock worth $66,763,000 after acquiring an additional 22,471 shares in the last quarter. Leavell Investment Management Inc. increased its holdings in shares of Vanguard Real Estate ETF by 22.4% in the 3rd quarter. Leavell Investment Management Inc. now owns 23,327 shares of the exchange traded fund’s stock valued at $2,291,000 after acquiring an additional 4,264 shares during the last quarter. Finally, Beckerman Institutional LLC acquired a new stake in shares of Vanguard Real Estate ETF during the 3rd quarter valued at approximately $313,000.

Vanguard Real Estate ETF Price Performance

Shares of VNQ opened at $92.42 on Friday. The stock has a market capitalization of $100.74 billion, a PE ratio of 34.84 and a beta of 1.07. The business’s fifty day moving average price is $90.66 and its 200 day moving average price is $93.60. Vanguard Real Estate ETF has a 12-month low of $78.27 and a 12-month high of $99.58.

Vanguard Real Estate ETF 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.