Phillips Financial Management LLC Has $18.33 Million Position in Vanguard Real Estate ETF (NYSEARCA:VNQ)

Phillips Financial Management LLC cut its position in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) by 6.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 188,179 shares of the exchange traded fund’s stock after selling 12,924 shares during the quarter. Vanguard Real Estate ETF accounts for 1.4% of Phillips Financial Management LLC’s portfolio, making the stock its 22nd biggest holding. Phillips Financial Management LLC’s holdings in Vanguard Real Estate ETF were worth $18,332,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eastern Bank bought a new stake in shares of Vanguard Real Estate ETF during the third quarter valued at approximately $26,000. ORG Partners LLC acquired a new position in shares of Vanguard Real Estate ETF in the 2nd quarter valued at $26,000. Pathway Financial Advisers LLC acquired a new position in shares of Vanguard Real Estate ETF in the 1st quarter valued at $28,000. Triad Wealth Partners LLC bought a new position in shares of Vanguard Real Estate ETF during the 2nd quarter worth about $28,000. Finally, Addison Advisors LLC boosted its position in shares of Vanguard Real Estate ETF by 6,350.0% during the 2nd quarter. Addison Advisors LLC now owns 387 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 381 shares in the last quarter.

Vanguard Real Estate ETF Stock Up 0.1 %

NYSEARCA:VNQ opened at $93.80 on Monday. The firm has a market capitalization of $36.92 billion, a PE ratio of 22.09 and a beta of 1.03. Vanguard Real Estate ETF has a 12-month low of $78.27 and a 12-month high of $99.58. The firm has a 50-day moving average price of $96.08 and a 200 day moving average price of $90.16.

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.