Envestnet Asset Management Inc. Buys 128,901 Shares of Principal Value ETF (NASDAQ:PY)

Posted by Defense World Staff on Sep 21st, 2024

Envestnet Asset Management Inc. raised its stake in shares of Principal Value ETF (NASDAQ:PY – Free Report) by 19.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 784,656 shares of the company’s stock after purchasing an additional 128,901 shares during the quarter. Envestnet Asset Management Inc. owned 51.96% of Principal Value ETF worth $36,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Principal Financial Group Inc. purchased a new position in shares of Principal Value ETF in the 4th quarter worth about $10,338,000.

Principal Value ETF Trading Down 0.6 %

Shares of NASDAQ PY opened at $49.28 on Friday. The stock’s 50-day moving average is $47.76 and its 200 day moving average is $46.31. The stock has a market cap of $74.42 million, a price-to-earnings ratio of 19.65 and a beta of 1.15. Principal Value ETF has a 1-year low of $36.85 and a 1-year high of $49.70.

Principal Value ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Monday, July 1st were paid a dividend of $0.263 per share. The ex-dividend date was Monday, July 1st.

About Principal Value ETF

(Free Report)

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.