Principal Financial Group Inc. Reduces Stock Holdings in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Principal Financial Group Inc. lowered its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) by 57.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 83,401 shares of the company’s stock after selling 113,429 shares during the quarter. Principal Financial Group Inc.’s holdings in Vanguard Intermediate-Term Corporate Bond ETF were worth $6,901,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of VCIT. Corient Private Wealth LLC grew its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 438.6% in the 4th quarter. Corient Private Wealth LLC now owns 10,303,448 shares of the company’s stock valued at $862,914,000 after buying an additional 8,390,355 shares during the last quarter. Morgan Stanley lifted its position in Vanguard Intermediate-Term Corporate Bond ETF by 22.4% in the fourth quarter. Morgan Stanley now owns 24,048,406 shares of the company’s stock valued at $2,014,054,000 after acquiring an additional 4,399,400 shares during the last quarter. Fisher Asset Management LLC lifted its position in Vanguard Intermediate-Term Corporate Bond ETF by 4.1% in the fourth quarter. Fisher Asset Management LLC now owns 83,976,379 shares of the company’s stock valued at $7,033,022,000 after acquiring an additional 3,339,026 shares during the last quarter. Bank of America Corp DE boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 3.1% in the fourth quarter. Bank of America Corp DE now owns 84,849,444 shares of the company’s stock valued at $7,106,141,000 after acquiring an additional 2,552,216 shares in the last quarter. Finally, Nepc LLC boosted its stake in Vanguard Intermediate-Term Corporate Bond ETF by 37.8% in the fourth quarter. Nepc LLC now owns 6,093,365 shares of the company’s stock valued at $510,319,000 after acquiring an additional 1,670,078 shares in the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Stock Up 0.2%

Shares of VCIT stock opened at $81.32 on Tuesday. The stock’s 50-day moving average is $82.16 and its two-hundred day moving average is $82.96. Vanguard Intermediate-Term Corporate Bond ETF has a 1 year low of $81.04 and a 1 year high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were given a $0.3319 dividend. The ex-dividend date of this dividend was Wednesday, July 1st.

Vanguard Intermediate-Term Corporate Bond ETF Profile

Vanguard Intermediate-Term Corporate Bond ETF seeks to track the performance of the Barclays Capital U.S. 5-10 Year Corporate Bond Index, a subset of the Barclays Capital U.S. Aggregate Float Adjusted Index. The Barclays Capital U.S. 5-10 Year Corporate Bond Index measures the investment return of U.S. dollar denominated, investment-grade, fixed rate, taxable securities issued by industrial, utility, and financial companies with maturities between 5 and 10 years. Vanguard Group, Inc provides investment adisory services to the Fund.