Principal Value ETF (NASDAQ:PY) Trading Down 0.5% – Time to Sell?

Principal Value ETF (NASDAQ:PY) shares traded down 0.5% on Monday . The company traded as low as $51.81 and last traded at $51.81. 5,226 shares were traded during trading, a decline of 86% from the average session volume of 37,660 shares. The stock had previously closed at $52.07.

Principal Value ETF Price Performance

The stock has a fifty day moving average price of $50.98 and a two-hundred day moving average price of $48.92. The company has a market cap of $236.77 million, a P/E ratio of 17.40 and a beta of 1.15.

Institutional Investors Weigh In On Principal Value ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in Principal Value ETF during the second quarter worth approximately $117,000. NFP Retirement Inc. raised its holdings in Principal Value ETF by 4.2% during the first quarter. NFP Retirement Inc. now owns 5,360 shares of the company’s stock worth $263,000 after purchasing an additional 214 shares in the last quarter. Jane Street Group LLC bought a new stake in Principal Value ETF during the second quarter worth approximately $297,000. Cambridge Investment Research Advisors Inc. raised its holdings in Principal Value ETF by 6.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,144 shares of the company’s stock worth $596,000 after purchasing an additional 745 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Principal Value ETF by 55.8% during the first quarter. Smartleaf Asset Management LLC now owns 21,764 shares of the company’s stock worth $1,056,000 after purchasing an additional 7,797 shares in the last quarter.

About Principal Value ETF

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.