Principal Financial Group Inc. Purchases 24,398,603 Shares of Principal Intl Equity Etf (NYSEARCA:PIEQ)

Principal Financial Group Inc. boosted its position in shares of Principal Intl Equity Etf (NYSEARCA:PIEQ) by 6,089.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,799,243 shares of the company’s stock after acquiring an additional 24,398,603 shares during the quarter. Principal Financial Group Inc. owned 91.85% of Principal Intl Equity Etf worth $604,762,000 at the end of the most recent reporting period.

Separately, Envestnet Asset Management Inc. purchased a new position in shares of Principal Intl Equity Etf during the 4th quarter worth $28,889,000.

Principal Intl Equity Etf Stock Performance

NYSEARCA:PIEQ opened at $29.14 on Thursday. The stock has a 50-day simple moving average of $27.93 and a two-hundred day simple moving average of $26.43. The firm has a market capitalization of $766.96 million and a PE ratio of 15.19. Principal Intl Equity Etf has a 52-week low of $23.11 and a 52-week high of $31.41.

About Principal Intl Equity Etf

The Principal International Equity ETF (PIEQ) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in stocks of companies outside the United States. Using proprietary fundamental research, the fund adviser surfaces companies considered underestimated by the market.