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

Principal Value ETF (NASDAQ:PY)’s share price was down 0.2% during mid-day trading on Thursday . The company traded as low as $57.85 and last traded at $58.01. Approximately 6,677 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 20,845 shares. The stock had previously closed at $58.15.

Principal Value ETF Stock Down 0.2%

The firm has a market capitalization of $241.90 million, a PE ratio of 17.40 and a beta of 0.83. The company has a 50-day moving average of $56.02 and a 200 day moving average of $54.08.

Principal Value ETF Increases Dividend

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

Hedge Funds Weigh In On Principal Value ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its position 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 valued at $2,133,000 after purchasing an additional 40,742 shares during the last quarter. Principal Securities Inc. lifted its position 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 buying an additional 224,296 shares during the last quarter. Principal Financial Group Inc. boosted its stake 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 worth $101,636,000 after buying an additional 1,199,677 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in Principal Value ETF in the fourth quarter worth approximately $555,000. Finally, Smartleaf Asset Management LLC grew its position in Principal Value ETF by 2.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 20,794 shares of the company’s stock valued at $1,093,000 after acquiring an additional 473 shares during 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.