Meridian Management Co. Makes New Investment in Vanguard Real Estate ETF (NYSEARCA:VNQ)

Meridian Management Co. bought a new position in Vanguard Real Estate ETF (NYSEARCA:VNQ) in the third quarter, HoldingsChannel.com reports. The fund bought 2,205 shares of the exchange traded fund’s stock, valued at approximately $215,000.

Other large investors have also recently bought and sold shares of the company. ORG Partners LLC bought a new position in Vanguard Real Estate ETF during the second quarter worth about $26,000. Eastern Bank bought a new stake in Vanguard Real Estate ETF in the 3rd quarter valued at $26,000. Pathway Financial Advisers LLC acquired a new position in shares of Vanguard Real Estate ETF during the first quarter worth about $28,000. Triad Wealth Partners LLC bought a new position in shares of Vanguard Real Estate ETF during the 2nd quarter worth approximately $28,000. Finally, Addison Advisors LLC increased its stake in Vanguard Real Estate ETF by 6,350.0% in 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 last quarter.

Vanguard Real Estate ETF Trading Down 0.5 %

NYSEARCA:VNQ opened at $95.38 on Tuesday. The firm has a fifty day simple moving average of $96.17 and a 200 day simple moving average of $89.77. The stock has a market capitalization of $37.54 billion, a PE ratio of 22.09 and a beta of 1.03. Vanguard Real Estate ETF has a 1-year low of $74.51 and a 1-year 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.