Sovereign Financial Group Inc. Has $606,000 Holdings in Vanguard Real Estate ETF (NYSEARCA:VNQ)

Sovereign Financial Group Inc. lessened its position in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) by 14.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,222 shares of the exchange traded fund’s stock after selling 1,064 shares during the period. Sovereign Financial Group Inc.’s holdings in Vanguard Real Estate ETF were worth $606,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in VNQ. Goldman Sachs Group Inc. boosted its stake in Vanguard Real Estate ETF by 87.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 9,746,685 shares of the exchange traded fund’s stock valued at $861,217,000 after purchasing an additional 4,547,414 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Vanguard Real Estate ETF by 7.0% in the second 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 during the period. Axiom Advisory LLC grew its stake in shares of Vanguard Real Estate ETF by 13.2% in the third quarter. Axiom Advisory LLC now owns 2,947,591 shares of the exchange traded fund’s stock valued at $271,446,000 after acquiring an additional 343,033 shares in the last quarter. Bank of New York Mellon Corp increased its position in Vanguard Real Estate ETF by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 2,239,091 shares of the exchange traded fund’s stock worth $187,546,000 after acquiring an additional 10,732 shares during the period. Finally, Beacon Capital Management Inc. raised its stake in 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.

Vanguard Real Estate ETF Stock Up 0.2 %

NYSEARCA VNQ opened at $94.46 on Wednesday. The firm has a 50-day moving average price of $94.61 and a two-hundred day moving average price of $87.60. Vanguard Real Estate ETF has a 12-month low of $70.61 and a 12-month high of $99.58. The company has a market capitalization of $37.18 billion, a P/E ratio of 22.09 and a beta of 1.03.

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.