Sherman Asset Management Inc. Takes Position in Vanguard Real Estate ETF (NYSEARCA:VNQ)

Sherman Asset Management Inc. purchased a new stake in Vanguard Real Estate ETF (NYSEARCA:VNQ) in the fourth quarter, Holdings Channel reports. The firm purchased 18,773 shares of the exchange traded fund’s stock, valued at approximately $1,672,000. Vanguard Real Estate ETF accounts for approximately 1.5% of Sherman Asset Management Inc.’s portfolio, making the stock its 16th biggest position.

Other large investors have also made changes to their positions in the company. Van ECK Associates Corp purchased a new stake in shares of Vanguard Real Estate ETF in the fourth quarter valued at approximately $10,542,000. Thrivent Financial for Lutherans grew its position in shares of Vanguard Real Estate ETF by 7.3% in the third quarter. Thrivent Financial for Lutherans now owns 24,539 shares of the exchange traded fund’s stock valued at $2,394,000 after purchasing an additional 1,670 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Vanguard Real Estate ETF in the third quarter valued at approximately $97,000. Platform Technology Partners grew its position in shares of Vanguard Real Estate ETF by 17.7% in the fourth quarter. Platform Technology Partners now owns 4,508 shares of the exchange traded fund’s stock valued at $402,000 after purchasing an additional 678 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Vanguard Real Estate ETF by 3.4% in the third quarter. Principal Financial Group Inc. now owns 685,311 shares of the exchange traded fund’s stock valued at $66,763,000 after acquiring an additional 22,471 shares during the last quarter.

Vanguard Real Estate ETF Stock Performance

VNQ opened at $93.90 on Friday. Vanguard Real Estate ETF has a one year low of $78.27 and a one year high of $99.58. The stock has a market capitalization of $102.35 billion, a PE ratio of 34.84 and a beta of 1.07. The business’s 50 day moving average price is $90.26 and its 200 day moving average price is $93.55.

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.