First Citizens Bank & Trust Co. Decreases Position in Vanguard Real Estate ETF (NYSEARCA:VNQ)

First Citizens Bank & Trust Co. trimmed its holdings in shares of Vanguard Real Estate ETF (NYSEARCA:VNQ) by 8.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 667,766 shares of the exchange traded fund’s stock after selling 57,800 shares during the period. Vanguard Real Estate ETF comprises approximately 1.0% of First Citizens Bank & Trust Co.’s portfolio, making the stock its 15th largest position. First Citizens Bank & Trust Co. owned about 0.17% of Vanguard Real Estate ETF worth $65,054,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Partners LLC bought a new position in Vanguard Real Estate ETF during the 2nd quarter worth approximately $26,000. Pathway Financial Advisers LLC purchased a new position in shares of Vanguard Real Estate ETF in the first quarter worth $28,000. Triad Wealth Partners LLC bought a new stake in Vanguard Real Estate ETF during the 2nd quarter valued at $28,000. Addison Advisors LLC boosted its position in 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 buying an additional 381 shares during the period. Finally, Voisard Asset Management Group Inc. bought a new stake in Vanguard Real Estate ETF in the 2nd quarter worth $34,000.

Vanguard Real Estate ETF Trading Up 0.8 %

VNQ stock opened at $97.52 on Friday. The firm’s 50-day moving average price is $95.48 and its two-hundred day moving average price is $88.15. The stock has a market capitalization of $38.38 billion, a price-to-earnings ratio of 22.09 and a beta of 1.03. Vanguard Real Estate ETF has a 12-month low of $70.61 and a 12-month high of $99.58.

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.