Principal Value ETF (NASDAQ:PY – Get Free Report) shares fell 0.1% on Friday. The company traded as low as $45.98 and was last seen at $46.04. During midday trading, 4,664 shares changed hands, a 22% decline from the average session volume of 5,946 shares. The stock had previously closed at $46.08.
Principal Value ETF shares 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 company’s 50-day moving average is $45.25 and its 200-day moving average is $44.54.
Principal Value ETF increases dividend
The company also recently announced a dividend, which was paid on Thursday, April 4. Investors of record on Tuesday, April 2 were given a dividend of $0.2883. The ex-dividend date of this dividend was Monday, April 1. This is an increase 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 company. Principal Financial Group Inc. acquired a new position in Principal Value ETF during the 4th quarter valued at approximately $10,338,000. Principal Securities Inc. acquired a new position in Principal Value ETF during the 4th quarter valued at approximately $26,516,000. Finally, Envestnet Asset Management Inc. increased 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 valued at $13,409,000 after acquiring an additional 51,041 shares during the last quarter.
Company profile of Principal Value ETF
(Get free report)
The Principal Value ETF (PY) is an exchange-traded fund that invests primarily in total market capitalization. The fund uses a proprietary quantitative model to actively invest in large and mid-cap companies that have higher shareholder returns. PY was launched on March 21, 2016 and is managed by Principal.
Further information
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