Principal Value ETF (NASDAQ:PY) Stock Price Down 0.7% – What’s Next?

Shares of Principal Value ETF (NASDAQ:PY) fell 0.7% during trading on Friday . The stock traded as low as $50.51 and last traded at $50.60. 21,552 shares changed hands during trading, a decline of 39% from the average session volume of 35,066 shares. The stock had previously closed at $50.95.

Principal Value ETF Stock Down 0.7%

The stock has a market cap of $178.62 million, a price-to-earnings ratio of 17.40 and a beta of 0.96. The company’s 50-day simple moving average is $52.74 and its 200-day simple moving average is $52.25.

Institutional Investors Weigh In On Principal Value ETF

Several large investors have recently modified their holdings of the stock. Principal Securities Inc. boosted its stake in shares of Principal Value ETF by 24.0% during the 4th quarter. Principal Securities Inc. now owns 1,157,632 shares of the company’s stock worth $60,419,000 after acquiring an additional 224,296 shares in the last quarter. Envestnet Asset Management Inc. raised its position 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 worth $41,539,000 after purchasing an additional 229,159 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Principal Value ETF by 30,404.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 40,876 shares of the company’s stock worth $2,133,000 after purchasing an additional 40,742 shares during the period. Smartleaf Asset Management LLC lifted 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 last quarter. Finally, LPL Financial LLC lifted its holdings in shares of Principal Value ETF by 3.4% during the fourth quarter. LPL Financial LLC now owns 26,455 shares of the company’s stock valued at $1,381,000 after purchasing an additional 863 shares during the last quarter.

Principal Value ETF Company 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.