Summit Financial LLC Sells 2,288 Shares of Vanguard Real Estate ETF (NYSEARCA:VNQ)

Summit Financial LLC lowered its position in Vanguard Real Estate ETF (NYSEARCA:VNQ) by 29.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 5,357 shares of the exchange traded fund’s stock after selling 2,288 shares during the period. Summit Financial LLC’s holdings in Vanguard Real Estate ETF were worth $473,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Meridian Wealth Management LLC bought a new position in Vanguard Real Estate ETF during the 1st quarter worth about $84,000. Tradewinds Capital Management LLC increased its holdings in Vanguard Real Estate ETF by 7.3% during the 1st quarter. Tradewinds Capital Management LLC now owns 3,432 shares of the exchange traded fund’s stock worth $298,000 after purchasing an additional 232 shares in the last quarter. MD Financial Management Inc. increased its holdings in Vanguard Real Estate ETF by 39.3% during the 1st quarter. MD Financial Management Inc. now owns 1,120,654 shares of the exchange traded fund’s stock worth $97,396,000 after purchasing an additional 316,368 shares in the last quarter. NEXT Financial Group Inc increased its holdings in Vanguard Real Estate ETF by 14.3% during the 2nd quarter. NEXT Financial Group Inc now owns 40,325 shares of the exchange traded fund’s stock worth $3,551,000 after purchasing an additional 5,043 shares in the last quarter. Finally, Guidant Wealth Advisors increased its holdings in Vanguard Real Estate ETF by 10.0% during the 1st quarter. Guidant Wealth Advisors now owns 38,392 shares of the exchange traded fund’s stock worth $3,337,000 after purchasing an additional 3,504 shares in the last quarter.

VNQ stock traded up $0.59 during trading hours on Thursday, reaching $89.95. 384,884 shares of the stock were exchanged, compared to its average volume of 5,949,176. The firm’s 50-day simple moving average is $88.97. Vanguard Real Estate ETF has a 12 month low of $71.08 and a 12 month high of $91.85.

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.

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Want to see what other hedge funds are holding VNQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vanguard Real Estate ETF (NYSEARCA:VNQ).

Institutional Ownership by Quarter for Vanguard Real Estate ETF (NYSEARCA:VNQ)

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