Franklin Resources Inc. Sells 19,332 Shares of Vanguard Real Estate ETF $VNQ

Franklin Resources Inc. cut its stake in Vanguard Real Estate ETF (NYSEARCA:VNQ) by 20.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,793 shares of the exchange traded fund’s stock after selling 19,332 shares during the quarter. Franklin Resources Inc.’s holdings in Vanguard Real Estate ETF were worth $6,572,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Atlantic Union Bankshares Corp bought a new stake in Vanguard Real Estate ETF in the 2nd quarter valued at $585,000. Allworth Financial LP lifted its holdings in shares of Vanguard Real Estate ETF by 179.5% during the second quarter. Allworth Financial LP now owns 77,106 shares of the exchange traded fund’s stock worth $6,867,000 after buying an additional 49,516 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of Vanguard Real Estate ETF by 365.3% in the second quarter. Cullen Frost Bankers Inc. now owns 1,340 shares of the exchange traded fund’s stock valued at $119,000 after acquiring an additional 1,052 shares during the period. Archvest Wealth Advisors Inc. boosted its position in shares of Vanguard Real Estate ETF by 6.1% in the second quarter. Archvest Wealth Advisors Inc. now owns 94,459 shares of the exchange traded fund’s stock valued at $8,413,000 after acquiring an additional 5,443 shares during the period. Finally, Kerntke Otto McGlone Wealth Management Group grew its stake in shares of Vanguard Real Estate ETF by 2.5% in the second quarter. Kerntke Otto McGlone Wealth Management Group now owns 11,892 shares of the exchange traded fund’s stock valued at $1,059,000 after acquiring an additional 285 shares in the last quarter. 60.03% of the stock is currently owned by institutional investors and hedge funds.

Vanguard Real Estate ETF Stock Performance

NYSEARCA:VNQ opened at $91.34 on Monday. Vanguard Real Estate ETF has a 52 week low of $76.92 and a 52 week high of $99.09. The firm’s 50-day simple moving average is $90.35 and its 200 day simple moving average is $90.26. The firm has a market cap of $34.46 billion, a price-to-earnings ratio of 35.58 and a beta of 1.03.

Vanguard Real Estate ETF Profile

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.