Somnio Financial Group LLC Acquires New Stake in Vanguard Real Estate ETF (NYSEARCA:VNQ)

Somnio Financial Group LLC bought a new position in Vanguard Real Estate ETF (NYSEARCA:VNQ) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 110,252 shares of the exchange traded fund’s stock, valued at approximately $9,235,000. Vanguard Real Estate ETF comprises approximately 8.1% of Somnio Financial Group LLC’s investment portfolio, making the stock its 5th biggest position.

A number of other institutional investors have also recently modified their holdings of VNQ. Goldman Sachs Group Inc. increased its position in shares of Vanguard Real Estate ETF by 87.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 9,746,686 shares of the exchange traded fund’s stock valued at $861,217,000 after acquiring an additional 4,547,415 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted 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 acquiring an additional 523,467 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Vanguard Real Estate ETF by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,239,091 shares of the exchange traded fund’s stock valued at $187,546,000 after purchasing an additional 10,732 shares during the last quarter. Beacon Capital Management Inc. increased its holdings in shares of Vanguard Real Estate ETF by 223.8% in the 1st quarter. Beacon Capital Management Inc. now owns 1,857,598 shares of the exchange traded fund’s stock worth $157,952,000 after purchasing an additional 1,283,964 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Vanguard Real Estate ETF by 2.7% in the second quarter. The Manufacturers Life Insurance Company now owns 1,703,245 shares of the exchange traded fund’s stock worth $142,874,000 after purchasing an additional 44,660 shares during the last quarter.

Vanguard Real Estate ETF Price Performance

Shares of NYSEARCA:VNQ opened at $97.40 on Tuesday. Vanguard Real Estate ETF has a 1 year low of $70.61 and a 1 year high of $99.58. The stock’s fifty day moving average price is $93.89 and its 200-day moving average price is $87.17. The company has a market cap of $38.34 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.