Principal Financial Group Inc. Buys New Position in Principal Value ETF (NASDAQ:PY)

Principal Financial Group Inc. acquired a new position in shares of Principal Value ETF (NASDAQ:PYFree Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 238,351 shares of the company’s stock, valued at approximately $10,338,000. Principal Financial Group Inc. owned 18.19% of Principal Value ETF at the end of the most recent quarter.

Separately, Envestnet Asset Management Inc. boosted its stake in shares of Principal Value ETF by 17.6% in the third quarter. Envestnet Asset Management Inc. now owns 340,470 shares of the company’s stock valued at $13,409,000 after buying an additional 51,041 shares in the last quarter.

Principal Value ETF Stock Performance

Shares of PY stock opened at $45.55 on Monday. The stock has a fifty day moving average price of $45.43 and a 200 day moving average price of $43.83. The stock has a market cap of $63.31 million, a PE 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 $46.93.

Principal Value ETF Increases Dividend

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

Principal Value ETF Profile

(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.

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Institutional Ownership by Quarter for Principal Value ETF (NASDAQ:PY)

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