Pinnacle Bank Has $1.92 Million Holdings in Vanguard Real Estate ETF (NYSEARCA:VNQ)

Pinnacle Bank trimmed its position in Vanguard Real Estate ETF (NYSEARCA:VNQ) by 1.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,441 shares of the exchange traded fund’s stock after selling 382 shares during the quarter. Vanguard Real Estate ETF accounts for 1.4% of Pinnacle Bank’s portfolio, making the stock its 12th largest position. Pinnacle Bank’s holdings in Vanguard Real Estate ETF were worth $1,919,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Franklin Resources Inc. increased its stake in shares of Vanguard Real Estate ETF by 3.7% in the 4th quarter. Franklin Resources Inc. now owns 8,217 shares of the exchange traded fund’s stock valued at $762,000 after acquiring an additional 291 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of Vanguard Real Estate ETF by 59.0% during the fourth quarter. Captrust Financial Advisors now owns 166,665 shares of the exchange traded fund’s stock valued at $15,283,000 after purchasing an additional 61,814 shares during the period. Avestar Capital LLC bought a new position in shares of Vanguard Real Estate ETF during the 4th quarter worth about $222,000. Ellevest Inc. grew its stake in shares of Vanguard Real Estate ETF by 16.7% in the 1st quarter. Ellevest Inc. now owns 47,848 shares of the exchange traded fund’s stock valued at $3,342,000 after buying an additional 6,856 shares during the period. Finally, Lee Danner & Bass Inc. grew its stake in shares of Vanguard Real Estate ETF by 29.1% in the 4th quarter. Lee Danner & Bass Inc. now owns 30,840 shares of the exchange traded fund’s stock valued at $2,862,000 after buying an additional 6,955 shares during the period.

VNQ stock traded down $0.97 during trading on Tuesday, reaching $79.10. 229,535 shares of the stock were exchanged, compared to its average volume of 7,858,166. The firm’s 50 day moving average is $78.66 and its 200 day moving average is $82.77. Vanguard Real Estate ETF has a twelve month low of $55.58 and a twelve month high of $99.72.

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

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