L.K. Benson & Company P.C. Makes New Investment in Vanguard Real Estate ETF (NYSEARCA:VNQ)

L.K. Benson & Company P.C. acquired a new stake in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 14,088 shares of the exchange traded fund’s stock, valued at approximately $1,255,000. Vanguard Real Estate ETF makes up about 0.9% of L.K. Benson & Company P.C.’s portfolio, making the stock its 27th largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Empower Advisory Group LLC boosted its stake in Vanguard Real Estate ETF by 3.2% during the 4th quarter. Empower Advisory Group LLC now owns 11,793,797 shares of the exchange traded fund’s stock valued at $1,050,591,000 after purchasing an additional 370,503 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Vanguard Real Estate ETF by 2.7% in the third quarter. JPMorgan Chase & Co. now owns 9,979,016 shares of the exchange traded fund’s stock valued at $972,156,000 after purchasing an additional 263,065 shares in the last quarter. US Bancorp DE boosted its position in shares of 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 buying an additional 585,657 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Vanguard Real Estate ETF by 3.7% during the fourth quarter. Bank of New York Mellon Corp now owns 2,270,349 shares of the exchange traded fund’s stock worth $202,243,000 after buying an additional 79,954 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Vanguard Real Estate ETF in the 3rd quarter valued at $209,453,000.

Vanguard Real Estate ETF Price Performance

NYSEARCA VNQ opened at $91.23 on Wednesday. The company has a fifty day moving average price of $90.94 and a 200-day moving average price of $93.42. The firm has a market cap of $99.44 billion, a price-to-earnings ratio of 33.73 and a beta of 1.08. Vanguard Real Estate ETF has a 1 year low of $78.27 and a 1 year high of $99.58.

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.