Vanguard now owns more than 10% of discount brokerage Redfin

The investment firm Vanguard Group has purchased a more than 10 percent stake in Redfin.

Recent filings with the U.S. Securities and Exchange Commission show that Vanguard now owns 9,444,137 Redfin shares, which equates to a 10.54 percent stake in the company, according to Inman. The investment should be worth more than $160 million based on Redfin’s $16.96 closing stock price on Friday.