Mechanics Bank Trust Department Trims Stake in Vanguard Real Estate ETF (NYSEARCA:VNQ)

Mechanics Bank Trust Department reduced its stake in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) by 7.6% in the 1st quarter, Holdings Channel reports. The fund owned 3,480 shares of the exchange traded fund’s stock after selling 285 shares during the period. Mechanics Bank Trust Department’s holdings in Vanguard Real Estate ETF were worth $301,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Vanguard Real Estate ETF by 22.4% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 39,704 shares of the exchange traded fund’s stock valued at $3,004,000 after purchasing an additional 7,257 shares during the period. Natixis Advisors L.P. grew its holdings in Vanguard Real Estate ETF by 16.9% in the third quarter. Natixis Advisors L.P. now owns 93,108 shares of the exchange traded fund’s stock valued at $7,044,000 after purchasing an additional 13,477 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in Vanguard Real Estate ETF by 7.6% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,892 shares of the exchange traded fund’s stock valued at $294,000 after purchasing an additional 276 shares during the period. Operose Advisors LLC acquired a new stake in Vanguard Real Estate ETF in the third quarter valued at approximately $169,000. Finally, Mutual Advisors LLC grew its holdings in Vanguard Real Estate ETF by 3.4% in the third quarter. Mutual Advisors LLC now owns 6,073 shares of the exchange traded fund’s stock valued at $459,000 after purchasing an additional 199 shares during the period.

Vanguard Real Estate ETF Trading Down 1.2 %

Shares of VNQ opened at $83.58 on Wednesday. Vanguard Real Estate ETF has a 12 month low of $70.61 and a 12 month high of $90.09. The stock’s 50 day moving average is $82.39 and its two-hundred day moving average is $84.43. The firm has a market cap of $32.90 billion, a P/E ratio of 22.09 and a beta of 1.03.

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.