Clune & Associates LTD. has increased its holdings in the Vanguard Real Estate ETF (NYSEARCA:VNQ) by 9.8% during the second quarter of 2023. According to the firm’s latest filing with the Securities and Exchange Commission (SEC), Clune & Associates now owns 42,570 shares of the ETF, having acquired an additional 3,783 shares in this period. This investment represents 1.0% of the company’s overall portfolio, making the Vanguard ETF its 29th largest holding, valued at approximately $3,791,000.
Several other institutional investors have also adjusted their positions in the Vanguard Real Estate ETF. Notably, Cohalo Advisory LLC purchased a new stake valued at around $29,000 during the second quarter. Reyes Financial Architecture Inc. significantly increased its holdings by 405.5%, now owning 369 shares worth $33,000 after adding 296 shares. In the first quarter, Aberdeen Wealth Management LLC bought shares valued at approximately $40,000, while Anderson Financial Strategies LLC and Olistico Wealth LLC acquired stakes worth around $41,000 and $44,000, respectively. Currently, institutional investors and hedge funds collectively own 60.03% of the ETF’s stock.
Vanguard Real Estate ETF’s price performance has been notable. On Tuesday, shares opened at $92.09. The ETF has seen a 12-month low of $76.92 and a high of $99.20. With a market capitalization of $34.74 billion, it has a price-to-earnings ratio of 35.58 and a beta of 0.91. Its fifty-day moving average stands at $91.04, while the 200-day moving average is at $89.47.
The Vanguard Real Estate ETF is an open-end investment company that focuses on stocks issued by real estate investment trusts (REITs). These companies typically invest in various types of real estate, including office buildings, hotels, and residential properties. The ETF aims to track the return of the MSCI US REIT Index, a benchmark that reflects the performance of real estate stocks. Investment advisory services for the fund are provided by The Vanguard Group, Inc.
As the investment landscape shifts, Clune & Associates LTD.’s increased stake in the Vanguard Real Estate ETF indicates confidence in the real estate sector’s potential for growth. The changes in holdings by other institutional investors further highlight ongoing interest in real estate investments, suggesting a promising outlook for the sector as it adapts to market conditions.
