Plimoth Trust Co. LLC has reduced its stake in the Vanguard Real Estate ETF (NYSEARCA:VNQ) by 22.2% during the third quarter, as detailed in the firm’s latest 13F filing with the Securities and Exchange Commission (SEC). Following the sale of 7,773 shares, Plimoth now holds 27,250 shares of the ETF, valued at approximately $2,491,000 at the end of the quarter.
This adjustment comes as several other institutional investors have also altered their positions in the Vanguard Real Estate ETF. Notably, Gallagher Fiduciary Advisors LLC significantly increased its holdings by an astonishing 8,739.3% during the second quarter, acquiring an additional 5,653,040 shares to bring its total to 5,717,725 shares, worth $509,221,000.
Additionally, State Street Corp expanded its stake by 735.3% in the same period, now owning 1,592,905 shares valued at $141,864,000. Goldman Sachs Group Inc. also increased its position by 33.5% during the first quarter, holding 4,696,203 shares worth $425,194,000 after acquiring 1,178,304 shares.
Other notable changes include Corient Private Wealth LLC, which raised its stake by 97.2%, now holding 2,220,304 shares valued at $197,740,000, and Beacon Capital Management Inc., which increased its holdings by 1,568.1% to 1,001,170 shares valued at $89,164,000.
Institutional Investment Trends
Currently, institutional investors and hedge funds collectively own 60.03% of the Vanguard Real Estate ETF. This trend highlights a significant interest in real estate investment trusts (REITs) as a viable asset class amidst market fluctuations.
The Vanguard Real Estate ETF itself recently opened at $88.86. The ETF’s 50-day moving average stands at $89.83, while its 200-day moving average is $90.28. The fund has a market capitalization of $33.52 billion and a PE ratio of 35.58, with a beta of 1.03. Over the past year, the ETF has experienced a low of $76.92 and a high of $94.95.
About Vanguard Real Estate ETF
The Vanguard Real Estate ETF is an open-end investment company that focuses on stocks issued by REITs, which invest in properties such as office buildings and hotels. The fund aims to track the performance of the MSCI US REIT Index, providing investors with exposure to the real estate sector. Investment advisory services for the fund are provided by The Vanguard Group, Inc..
As institutional investors continue to adjust their holdings, the Vanguard Real Estate ETF remains a focal point for those interested in the dynamics of real estate investments.
