Mainsail Financial Group LLC Makes New Investment in Vanguard Real Estate ETF (NYSEARCA:VNQ)

Mainsail Financial Group LLC purchased a new stake in Vanguard Real Estate ETF (NYSEARCA:VNQ) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 35,963 shares of the exchange traded fund’s stock, valued at approximately $3,110,000. Vanguard Real Estate ETF makes up about 2.1% of Mainsail Financial Group LLC’s portfolio, making the stock its 17th biggest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in shares of Vanguard Real Estate ETF in the fourth quarter valued at approximately $27,000. Fortis Group Advisors LLC increased its holdings in shares of Vanguard Real Estate ETF by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 334 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 167 shares in the last quarter. Pineridge Advisors LLC bought a new position in Vanguard Real Estate ETF in the 4th quarter worth approximately $33,000. Halpern Financial Inc. acquired a new position in Vanguard Real Estate ETF during the 4th quarter worth $33,000. Finally, ORG Partners LLC increased its position in Vanguard Real Estate ETF by 105.8% in the fourth quarter. ORG Partners LLC now owns 391 shares of the exchange traded fund’s stock worth $35,000 after purchasing an additional 201 shares during the period.

Vanguard Real Estate ETF Stock Performance

Shares of VNQ stock opened at $83.31 on Thursday. The company has a market capitalization of $32.79 billion, a P/E ratio of 22.09 and a beta of 1.03. Vanguard Real Estate ETF has a 52 week low of $70.61 and a 52 week high of $90.09. The company’s 50 day moving average price is $82.81 and its two-hundred day moving average price is $84.33.

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.