Principal Value ETF (NASDAQ:PY) Stock Price Down 0.1%

Shares of Principal Value ETF (NASDAQ:PY) fell 0.1% on Friday . The company traded as low as $45.98 and last traded at $46.04. 4,664 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 5,946 shares. The stock had previously closed at $46.08.

Principal Value ETF Stock Down 0.1 %

The stock has a market cap of $63.99 million, a price-to-earnings ratio of 19.65 and a beta of 1.15. The business’s fifty day moving average is $45.25 and its two-hundred day moving average is $44.54.

Principal Value ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, April 4th. Investors of record on Tuesday, April 2nd were issued a $0.2883 dividend. The ex-dividend date of this dividend was Monday, April 1st. This is a boost from Principal Value ETF’s previous dividend of $0.26.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. acquired a new position in Principal Value ETF during the 4th quarter worth approximately $10,338,000. Principal Securities Inc. acquired a new position in Principal Value ETF during the 4th quarter worth approximately $26,516,000. Finally, Envestnet Asset Management Inc. grew its holdings in Principal Value ETF by 17.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 340,470 shares of the company’s stock worth $13,409,000 after acquiring an additional 51,041 shares in the last quarter.

Principal Value ETF Company Profile

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.