Principal Financial Group Inc. Reduces Stake in Vanguard Mid-Cap ETF (NYSEARCA: VO)

Principal Financial Group Inc. has significantly decreased its holdings in the Vanguard Mid-Cap ETF (NYSEARCA: VO). According to a report by HoldingsChannel, the company reduced its investment by 51.4% during the third quarter of this year. Following this adjustment, Principal Financial Group now owns 28,537 shares of the ETF after selling 30,184 shares.

As of its latest filing with the SEC, the total value of Principal Financial Group’s investment in the Vanguard Mid-Cap ETF is approximately $7,529,000.

In addition to Principal Financial Group, several other hedge funds have also made moves regarding their positions in Vanguard Mid-Cap ETF. For instance, Fairfield Financial Advisors LTD acquired a new stake in the ETF during the second quarter valued at around $26,000. Meanwhile, Pin Oak Investment Advisors Inc. made a new investment worth about $35,000 in the third quarter.

Moreover, Redmont Wealth Advisors LLC increased its holdings in the Vanguard Mid-Cap ETF by an impressive 147.8% during the same quarter. After adding 99 shares, Redmont now holds 166 shares worth approximately $44,000. Northwest Investment Counselors LLC also took advantage of the situation by purchasing a new stake estimated at about $51,000 in the Vanguard Mid-Cap ETF during the third quarter.

Furthermore, Hazlett Burt & Watson Inc. heightened its position in the ETF by 29.1%, now owning 204 shares valued at roughly $54,000 after acquiring an additional 46 shares last quarter.

Market Performance of Vanguard Mid-Cap ETF

As of the latest figures, the Vanguard Mid-Cap ETF (NYSEARCA: VO) opened at $264.13. The ETF has a market capitalization of $68.30 billion, with a price-to-earnings ratio of 19.64 and has exhibited a beta of 0.98. Its 50-day moving average price stands at $273.63, while the 200-day moving average is recorded at $260.14.

The ETF has experienced a range in its share price over the past year, with a 52-week low of $224.86 and a high reaching $285.60.

Overview of Vanguard Mid-Cap ETF

The Vanguard Mid-Cap ETF operates as an exchange-traded fund that seeks to replicate the performance of the MSCI US Mid Cap 450 Index. This index includes medium-sized firms based in the United States, and the ETF adjusts its portfolio to keep the same capitalization weighting as the index. The investment advisor for the fund is The Vanguard Group, Inc., which is recognized for its position in the investment management industry.

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To investigate what other hedge funds are holding the Vanguard Mid-Cap ETF, feel free to visit HoldingsChannel.com for the latest 13F filings and insider transactions.

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