Foster & Motley Inc. Reduces Holdings in Vanguard Real Estate ETF (NYSEARCA:VNQ)

Foster & Motley Inc. decreased its position in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) by 4.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 259,596 shares of the exchange traded fund’s stock after selling 12,438 shares during the quarter. Vanguard Real Estate ETF makes up 1.5% of Foster & Motley Inc.’s investment portfolio, making the stock its 12th largest position. Foster & Motley Inc.’s holdings in Vanguard Real Estate ETF were worth $23,125,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Eastern Bank bought a new position in shares of Vanguard Real Estate ETF in the third quarter worth $26,000. Howard Capital Management Group LLC purchased a new stake in Vanguard Real Estate ETF during the 4th quarter worth about $26,000. Godsey & Gibb Inc. bought a new position in Vanguard Real Estate ETF in the 4th quarter worth about $26,000. Decker Retirement Planning Inc. purchased a new position in Vanguard Real Estate ETF during the 4th quarter valued at about $26,000. Finally, CKW Financial Group bought a new stake in shares of Vanguard Real Estate ETF during the fourth quarter valued at about $27,000.

Vanguard Real Estate ETF Trading Down 1.3 %

Shares of Vanguard Real Estate ETF stock opened at $89.61 on Thursday. The company’s 50-day moving average price is $91.72 and its 200-day moving average price is $93.26. Vanguard Real Estate ETF has a 12-month low of $78.27 and a 12-month high of $99.58. The company has a market cap of $35.27 billion, a price-to-earnings ratio of 22.09 and a beta of 1.03.

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.