Principal Securities Inc. Buys 224,296 Shares of Principal Value ETF $PY

Principal Securities Inc. increased its stake in shares of Principal Value ETF (NASDAQ:PY) by 24.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,157,632 shares of the company’s stock after acquiring an additional 224,296 shares during the period. Principal Value ETF comprises approximately 0.9% of Principal Securities Inc.’s investment portfolio, making the stock its 17th largest holding. Principal Securities Inc. owned 0.33% of Principal Value ETF worth $60,419,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in 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 acquiring an additional 40,742 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Principal Value ETF by 22.4% during the second quarter. Smartleaf Asset Management LLC now owns 26,640 shares of the company’s stock worth $1,313,000 after acquiring an additional 4,876 shares in the last quarter. LPL Financial LLC raised its holdings in Principal Value ETF by 3.4% during the fourth quarter. LPL Financial LLC now owns 26,455 shares of the company’s stock worth $1,381,000 after acquiring an additional 863 shares in the last quarter. Citadel Advisors LLC bought a new stake in Principal Value ETF during the third quarter worth about $803,000. Finally, Jane Street Group LLC bought a new stake in Principal Value ETF during the second quarter worth about $297,000.

Principal Value ETF Stock Performance

PY opened at $54.22 on Friday. Principal Value ETF has a 52-week low of $48.31 and a 52-week high of $54.82. The firm has a market capitalization of $214.17 million, a PE ratio of 17.40 and a beta of 0.83. The business’s 50-day simple moving average is $53.34 and its 200 day simple moving average is $52.81.

Principal Value ETF Cuts Dividend

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

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.