Cambridge Associates LLC MA ADV Expands Investment in Vanguard Real Estate ETF
In a recent move signaling confidence in the real estate sector, Cambridge Associates LLC MA ADV has upped its investment in Vanguard Real Estate ETF (NYSEARCA:VNQ). Detailed in their latest 13F filing with the Securities and Exchange Commission, the company has increased its stake by 15.8% during the second quarter. This strategic purchase has raised their share count to 61,453, following the acquisition of another 8,397 shares in that period. The total value of Cambridge Associates LLC MA ADV's investment in the ETF now stands at approximately $5,135,000, representing about 0.4% of their investment portfolio and ranking the stock as their 27th largest holding.
Activity Among Other Institutional Investors
Cambridge Associates is not the only institutional investor adjusting their position in the VNQ ETF. A variety of hedge funds and institutional investors have also recently amended their stakes. Among them, Stratos Wealth Partners LTD. elevated their holdings by 14.9% during the same quarter, now holding 87,694 shares worth $7,328,000. Allen Capital Group LLC has increased their stake by 7.7%, owning 58,417 shares valued at $4,881,000. Level Four Advisory Services LLC saw a 21.9% stake increase, owning 6,871 shares with an approximate value of $574,000. Frank Rimerman Advisors LLC has initiated a new position in VNQ in the first quarter, valued at approximately $1,133,000. Moreover, Avion Wealth has notably increased its share by 26.0%, now possessing 169,358 shares of VNQ worth $14,151,000.
VNQ ETF's Market Performance
The Vanguard Real Estate ETF has shown some trading volatility. During a midday trading session on Tuesday, VNQ shares decreased by $0.76, hitting a value of $83.59. With a trading volume of 1,400,908 shares, VNQ trades quite actively compared to its average volume of 5,185,132. The ETF has been navigating through market changes with its 50-day simple moving average at $76.26 and 200-day simple moving average at $80.33. As a significant player in the market with a $32.22 billion capitalization, its P/E ratio stands at 28.40, alongside a beta of 0.91. Over the past year, VNQ touched a low of $70.61 and reached a high of $94.53.
About Vanguard Real Estate ETF
The Vanguard Real Estate ETF is an open-end investment that specializes in real estate investment trusts (REITs), including those owning a variety of real properties such as office buildings and hotels. The ETF aims to reflect the performance of the MSCI US REIT Index, a measure of real estate stock performance. The Vanguard Group, Inc, which provides advisory services to the fund, manages this ETF, offering investors a way to gain exposure to the real estate sector.
Vanguard, RealEstate, Investment