Sheets Smith Wealth Management Sells 348 Shares of Vanguard Real Estate ETF (NYSEARCA:VNQ)

Sheets Smith Wealth Management lessened its stake in Vanguard Real Estate ETF (NYSEARCA:VNQ) by 9.2% in the fourth quarter, HoldingsChannel reports. The firm owned 3,454 shares of the exchange traded fund’s stock after selling 348 shares during the period. Sheets Smith Wealth Management’s holdings in Vanguard Real Estate ETF were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Chevy Chase Trust Holdings LLC raised its position in Vanguard Real Estate ETF by 17.9% in the third quarter. Chevy Chase Trust Holdings LLC now owns 4,009 shares of the exchange traded fund’s stock worth $303,000 after acquiring an additional 609 shares during the period. Brown Advisory Inc. lifted its position in Vanguard Real Estate ETF by 2.4% during the third quarter. Brown Advisory Inc. now owns 152,154 shares of the exchange traded fund’s stock valued at $11,512,000 after purchasing an additional 3,570 shares in the last quarter. Washington Capital Management Inc. bought a new stake in Vanguard Real Estate ETF during the third quarter valued at about $254,000. Park Avenue Securities LLC increased its position in Vanguard Real Estate ETF by 7.4% in the third quarter. Park Avenue Securities LLC now owns 18,603 shares of the exchange traded fund’s stock worth $1,408,000 after buying an additional 1,289 shares in the last quarter. Finally, DecisionPoint Financial LLC raised its stake in shares of Vanguard Real Estate ETF by 5.8% in the third quarter. DecisionPoint Financial LLC now owns 146,159 shares of the exchange traded fund’s stock worth $11,058,000 after buying an additional 8,019 shares during the period.

Vanguard Real Estate ETF Trading Up 0.5 %

Shares of NYSEARCA:VNQ opened at $81.79 on Tuesday. The stock has a 50 day moving average of $83.60 and a 200 day moving average of $83.02. The company has a market cap of $32.19 billion, a PE ratio of 22.09 and a beta of 1.03. Vanguard Real Estate ETF has a 12-month low of $70.61 and a 12-month high of $90.09.

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.