Principal Value ETF (NASDAQ:PY) Trading Down 0.2% – What’s Next?

Principal Value ETF (NASDAQ:PY) was down 0.2% during mid-day trading on Thursday . The company traded as low as $56.93 and last traded at $57.07. 12,902 shares traded hands during trading, a decline of 40% from the average daily volume of 21,666 shares. The stock had previously closed at $57.21.

Principal Value ETF Stock Performance

The business has a 50 day moving average price of $54.96 and a two-hundred day moving average price of $53.54. The stock has a market cap of $237.98 million, a PE ratio of 17.40 and a beta of 0.83.

Principal Value ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were paid a dividend of $0.263 per share. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Wednesday, July 1st. This is an increase from Principal Value ETF’s previous quarterly dividend of $0.22.

Institutional Investors Weigh In On Principal Value ETF

Several hedge funds have recently bought and sold shares of PY. Principal Financial Group Inc. boosted its position in Principal Value ETF by 155.0% in the first quarter. Principal Financial Group Inc. now owns 1,973,436 shares of the company’s stock valued at $101,636,000 after buying an additional 1,199,677 shares during the last quarter. Principal Securities Inc. raised its holdings in Principal Value ETF by 24.0% in the 4th quarter. Principal Securities Inc. now owns 1,157,632 shares of the company’s stock worth $60,419,000 after purchasing an additional 224,296 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Principal Value ETF by 30,404.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 40,876 shares of the company’s stock worth $2,133,000 after buying an additional 40,742 shares during the period. Citadel Advisors LLC purchased a new position in Principal Value ETF in the 3rd quarter valued at about $803,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Principal Value ETF during the fourth quarter worth approximately $555,000.

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.