Principal Value ETF (NASDAQ:PY) Shares Down 0.2% – What’s Next?

Principal Value ETF (NASDAQ:PY)’s stock price dropped 0.2% during mid-day trading on Thursday . The stock traded as low as $56.93 and last traded at $57.07. Approximately 12,902 shares changed hands during trading, a decline of 40% from the average daily volume of 21,666 shares. The stock had previously closed at $57.21.

Principal Value ETF Stock Up 0.6%

The stock has a market cap of $239.65 million, a price-to-earnings ratio of 17.40 and a beta of 0.83. The business has a 50-day moving average of $55.01 and a 200-day moving average of $53.57.

Principal Value ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were given a dividend of $0.263 per share. This is a positive change from Principal Value ETF’s previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, July 1st. This represents a $1.05 annualized dividend and a yield of 1.8%.

Institutional Investors Weigh In On Principal Value ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PY. Raymond James Financial Inc. acquired a new position in shares of Principal Value ETF during the second quarter worth approximately $117,000. Jane Street Group LLC bought a new position in Principal Value ETF in the 2nd quarter worth approximately $297,000. Integrity Wealth Partners LLC acquired a new position in Principal Value ETF during the 1st quarter worth $308,000. Kestra Advisory Services LLC acquired a new position in Principal Value ETF during the 4th quarter worth $555,000. Finally, Citadel Advisors LLC bought a new position in Principal Value ETF in the 3rd quarter valued at $803,000.

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.