Firestone Capital Management Has $13.55 Million Position in Vanguard Real Estate ETF (NYSEARCA:VNQ)

Firestone Capital Management boosted its holdings in Vanguard Real Estate ETF (NYSEARCA:VNQ) by 2.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 161,714 shares of the exchange traded fund’s stock after purchasing an additional 4,255 shares during the quarter. Vanguard Real Estate ETF comprises approximately 3.7% of Firestone Capital Management’s investment portfolio, making the stock its 9th largest holding. Firestone Capital Management’s holdings in Vanguard Real Estate ETF were worth $13,545,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Goldman Sachs Group Inc. grew its holdings in 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 worth $861,217,000 after buying an additional 4,547,415 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Vanguard Real Estate ETF by 0.5% in the second 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. lifted its position in shares of Vanguard Real Estate ETF by 223.8% during the first quarter. Beacon Capital Management Inc. now owns 1,857,598 shares of the exchange traded fund’s stock valued at $157,952,000 after purchasing an additional 1,283,964 shares in the last quarter. Board of Trustees of The Leland Stanford Junior University purchased a new position in Vanguard Real Estate ETF during the fourth quarter worth about $150,204,000. Finally, Pure Financial Advisors LLC grew its position in Vanguard Real Estate ETF by 7.3% in the 2nd quarter. Pure Financial Advisors LLC now owns 1,583,615 shares of the exchange traded fund’s stock worth $132,644,000 after purchasing an additional 107,519 shares in the last quarter.

Vanguard Real Estate ETF Stock Performance

NYSEARCA:VNQ opened at $98.97 on Tuesday. Vanguard Real Estate ETF has a 52 week low of $70.61 and a 52 week high of $99.40. The firm has a 50-day moving average price of $91.83 and a two-hundred day moving average price of $86.39. The firm has a market cap of $38.95 billion, a price-to-earnings 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.