Chapin Davis Inc. Increases Stake in Vanguard Real Estate ETF (NYSEARCA:VNQ)

Chapin Davis Inc. Increases Stake in Vanguard Real Estate ETF

Chapin Davis Inc., a prominent institutional investor, has recently boosted its position in the Vanguard Real Estate ETF (NYSEARCA:VNQ) by 3.9% during the first quarter. According to the latest disclosure with the Securities & Exchange Commission, Chapin Davis Inc. now owns 9,693 shares of the exchange-traded fund’s stock, with a value of $838,000 after purchasing an additional 364 shares in the quarter.

This move by Chapin Davis Inc. is part of a larger trend, as several other hedge funds and institutional investors have also been increasing their stakes in the Vanguard Real Estate ETF. For example, JPMorgan Chase & Co. grew its stake by 22.5% in the third quarter, while Goldman Sachs Group Inc. saw an 87.5% increase in the fourth quarter. Cerity Partners LLC, Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management, and Charles Schwab Investment Management Inc. have also significantly increased their holdings in the ETF.

The Vanguard Real Estate ETF has been performing well in the market, with shares trading at $83.58 during midday trading on Monday. The company has a market cap of $32.90 billion, a price-to-earnings ratio of 22.09, and a beta of 1.03. Despite some fluctuations, the stock has shown resilience, with a one-year low of $70.61 and a one-year high of $90.09.

The Fund invests in stocks issued by real estate investment trusts (REITs), tracking the return of the MSCI US RIT Index. The Vanguard Group, Inc. provides investment advisory services to the Fund.

Overall, the increased stake by Chapin Davis Inc. and other institutional investors reflects confidence in the Vanguard Real Estate ETF’s performance and potential for growth in the real estate market. Investors are advised to keep an eye on further developments in this sector for potential opportunities.