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.

Read More

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

Receive News & Ratings for Principal Value ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Principal Value ETF and related companies with's FREE daily email newsletter.