Vanguard Real Estate ETF (NYSEARCA:VNQ) Sees Strong Trading Volume – Still a Buy?

Vanguard Real Estate ETF (NYSEARCA:VNQ) saw unusually-high trading volume on Friday . Approximately 5,705,966 shares traded hands during mid-day trading, an increase of 32% from the previous session’s volume of 4,323,097 shares.The stock last traded at $86.23 and had previously closed at $87.69.

Vanguard Real Estate ETF Stock Performance

The company has a 50 day moving average price of $92.89 and a 200 day moving average price of $92.74. The firm has a market cap of $33.67 billion, a price-to-earnings ratio of 22.09 and a beta of 1.03.

Institutional Investors Weigh In On Vanguard Real Estate ETF

A number of institutional investors have recently modified their holdings of VNQ. State of New Jersey Common Pension Fund D lifted its holdings in Vanguard Real Estate ETF by 465.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 4,585,487 shares of the exchange traded fund’s stock worth $446,718,000 after buying an additional 3,774,000 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Vanguard Real Estate ETF by 17,050.2% in the third quarter. International Assets Investment Management LLC now owns 3,574,957 shares of the exchange traded fund’s stock valued at $348,272,000 after purchasing an additional 3,554,112 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Vanguard Real Estate ETF during the 3rd quarter worth $209,453,000. Victory Capital Management Inc. increased its holdings in Vanguard Real Estate ETF by 834.9% during the 3rd quarter. Victory Capital Management Inc. now owns 925,603 shares of the exchange traded fund’s stock worth $90,172,000 after purchasing an additional 826,601 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in Vanguard Real Estate ETF by 7.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,994,347 shares of the exchange traded fund’s stock valued at $669,716,000 after purchasing an additional 523,467 shares in the last quarter.

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.