Principal Financial Group Inc. Has $2.32 Million Stake in Vanguard Russell 2000 ETF (NASDAQ:VTWO)

Principal Financial Group Inc. reduced its position in shares of Vanguard Russell 2000 ETF (NASDAQ:VTWO) by 2.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,291 shares of the company’s stock after selling 724 shares during the quarter. Principal Financial Group Inc.’s holdings in Vanguard Russell 2000 ETF were worth $2,321,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. purchased a new stake in Vanguard Russell 2000 ETF in the 1st quarter worth about $340,000. Deroy & Devereaux Private Investment Counsel Inc. increased its stake in shares of Vanguard Russell 2000 ETF by 40.9% in the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 9,631 shares of the company’s stock worth $819,000 after acquiring an additional 2,795 shares during the last quarter. Mesirow Financial Investment Management Inc. purchased a new stake in shares of Vanguard Russell 2000 ETF during the first quarter worth $290,000. Financial Insights Inc. acquired a new stake in Vanguard Russell 2000 ETF during the first quarter valued at $1,595,000. Finally, Lodestar Private Asset Management LLC grew its stake in Vanguard Russell 2000 ETF by 6.4% in the first quarter. Lodestar Private Asset Management LLC now owns 94,763 shares of the company’s stock valued at $8,061,000 after purchasing an additional 5,716 shares in the last quarter.

Vanguard Russell 2000 ETF Stock Down 0.6 %

Shares of VTWO traded down $0.46 during midday trading on Friday, reaching $81.10. 647,290 shares of the stock were exchanged, compared to its average volume of 2,377,907. The company has a market cap of $8.99 billion, a price-to-earnings ratio of 12.13 and a beta of 1.15. Vanguard Russell 2000 ETF has a 12-month low of $65.39 and a 12-month high of $85.65. The firm has a 50 day simple moving average of $82.10 and a 200-day simple moving average of $81.21.

Vanguard Russell 2000 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Thursday, June 27th were given a dividend of $0.299 per share. This represents a $1.20 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Thursday, June 27th. This is a positive change from Vanguard Russell 2000 ETF’s previous quarterly dividend of $0.17.

Vanguard Russell 2000 ETF Company Profile

The Vanguard Russell 2000 ETF (VTWO) is an exchange-traded fund that is based on the Russell 2000 index, a market-cap-weighted index of US small-cap stocks VTWO was launched on Sep 20, 2010 and is managed by Vanguard.