Smartleaf Asset Management LLC Buys 5,439 Shares of Principal Value ETF (NASDAQ:PY)

Smartleaf Asset Management LLC boosted its stake in shares of Principal Value ETF (NASDAQ:PY) by 63.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 13,967 shares of the company’s stock after purchasing an additional 5,439 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Principal Value ETF were worth $691,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC grew its holdings in Principal Value ETF by 156.1% in the fourth quarter. Capital Investment Advisory Services LLC now owns 6,040 shares of the company’s stock worth $299,000 after purchasing an additional 3,682 shares during the last quarter. Principal Financial Group Inc. grew its stake in Principal Value ETF by 7.4% during the 3rd quarter. Principal Financial Group Inc. now owns 308,684 shares of the company’s stock worth $15,463,000 after buying an additional 21,166 shares during the last quarter. Finally, Principal Securities Inc. grew its stake in Principal Value ETF by 3.6% during the 4th quarter. Principal Securities Inc. now owns 876,530 shares of the company’s stock worth $43,402,000 after buying an additional 30,500 shares during the last quarter.

Principal Value ETF Stock Performance

Principal Value ETF stock opened at $50.13 on Tuesday. The stock has a market cap of $83.71 million, a PE ratio of 18.70 and a beta of 1.15. The stock has a 50-day moving average of $50.47 and a two-hundred day moving average of $50.15. Principal Value ETF has a one year low of $41.96 and a one year high of $52.63.

Principal Value ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 31st were given a $0.00 dividend. The ex-dividend date of this dividend was Tuesday, December 31st.

About Principal Value ETF

The Principal Value ETF (PY) is an exchange-traded fund that mostly invests in total market equity. The fund utilizes a proprietary quantitative model to actively invest in large- and mid-cap companies that exhibit higher degrees of shareholder yield. PY was launched on Mar 21, 2016 and is managed by Principal.