Fifth Third Bancorp trimmed its holdings in Vanguard Real Estate ETF (NYSEARCA:VNQ) by 9.6% in the first quarter, Holdings Channel reports. The institutional investor owned 4,880,588 shares of the exchange traded fund’s stock after selling 521,189 shares during the quarter. Vanguard Real Estate ETF comprises about 2.7% of Fifth Third Bancorp’s holdings, making the stock its 3rd biggest holding. Fifth Third Bancorp’s holdings in Vanguard Real Estate ETF were worth $424,172,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in VNQ. Creative Financial Designs Inc. ADV raised its holdings in Vanguard Real Estate ETF by 354.0% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 286 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 223 shares during the last quarter. Lee Financial Co bought a new stake in Vanguard Real Estate ETF during the 1st quarter worth about $26,000. Investors Research Corp bought a new stake in Vanguard Real Estate ETF during the 1st quarter worth about $28,000. Armor Investment Advisors LLC bought a new stake in Vanguard Real Estate ETF during the 1st quarter worth about $31,000. Finally, Athena Capital Advisors LLC bought a new stake in Vanguard Real Estate ETF during the 4th quarter worth about $35,000.
Shares of NYSEARCA:VNQ opened at $89.65 on Friday. Vanguard Real Estate ETF has a 1-year low of $71.08 and a 1-year high of $89.65.
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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.
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Want to see what other hedge funds are holding VNQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vanguard Real Estate ETF (NYSEARCA:VNQ).
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