Principal Value ETF $PY Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its position in Principal Value ETF (NASDAQ:PY) by 30.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 562,254 shares of the company’s stock after selling 249,725 shares during the period. Envestnet Asset Management Inc. owned approximately 12.25% of Principal Value ETF worth $27,862,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PY. LPL Financial LLC lifted its stake in shares of Principal Value ETF by 33.8% in the 1st quarter. LPL Financial LLC now owns 31,051 shares of the company’s stock valued at $1,524,000 after purchasing an additional 7,838 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Principal Value ETF by 55.8% in the 1st quarter. Smartleaf Asset Management LLC now owns 21,764 shares of the company’s stock valued at $1,056,000 after purchasing an additional 7,797 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Principal Value ETF by 6.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,144 shares of the company’s stock valued at $596,000 after purchasing an additional 745 shares in the last quarter. Finally, NFP Retirement Inc. lifted its stake in shares of Principal Value ETF by 4.2% in the 1st quarter. NFP Retirement Inc. now owns 5,360 shares of the company’s stock valued at $263,000 after purchasing an additional 214 shares in the last quarter.

Principal Value ETF Price Performance

NASDAQ PY opened at $51.31 on Tuesday. The firm has a market capitalization of $114.42 million, a P/E ratio of 17.40 and a beta of 0.96. Principal Value ETF has a 1-year low of $42.11 and a 1-year high of $52.63. The business’s 50-day simple moving average is $51.90 and its 200-day simple moving average is $49.99.

Principal Value ETF 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.