Principal Financial Group Inc. Sells 601,927 Shares of Principal Value ETF $PY

Principal Financial Group Inc. decreased its holdings in Principal Value ETF (NASDAQ:PY) by 43.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 773,759 shares of the company’s stock after selling 601,927 shares during the quarter. Principal Financial Group Inc. owned approximately 0.22% of Principal Value ETF worth $40,368,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in Principal Value ETF during the second quarter valued at $117,000. Jane Street Group LLC bought a new stake in Principal Value ETF during the second quarter valued at $297,000. Citadel Advisors LLC bought a new stake in Principal Value ETF during the third quarter valued at $803,000. Smartleaf Asset Management LLC raised its holdings in shares of Principal Value ETF by 22.4% during the second quarter. Smartleaf Asset Management LLC now owns 26,640 shares of the company’s stock valued at $1,313,000 after purchasing an additional 4,876 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Principal Value ETF by 40.8% during the third quarter. Envestnet Asset Management Inc. now owns 791,413 shares of the company’s stock valued at $41,539,000 after purchasing an additional 229,159 shares during the period.

Principal Value ETF Trading Up 0.3%

Shares of NASDAQ PY opened at $53.39 on Friday. The firm’s 50-day moving average price is $52.32 and its 200-day moving average price is $52.35. Principal Value ETF has a 1-year low of $47.11 and a 1-year high of $53.96. The firm has a market capitalization of $210.89 million, a P/E ratio of 17.40 and a beta of 0.84.

Principal Value ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Wednesday, April 1st were issued a $0.2158 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Wednesday, April 1st.

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.