Principal Financial Group Inc. Has $101.64 Million Stock Holdings in Principal Value ETF $PY

Principal Financial Group Inc. lifted its position in shares of Principal Value ETF (NASDAQ:PY) by 155.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,973,436 shares of the company’s stock after purchasing an additional 1,199,677 shares during the period. Principal Financial Group Inc. owned about 0.50% of Principal Value ETF worth $101,636,000 as of its most recent filing with the Securities and Exchange Commission.

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

Principal Value ETF Stock Performance

PY stock opened at $55.18 on Thursday. The company has a market capitalization of $230.10 million, a P/E ratio of 17.40 and a beta of 0.83. The company has a fifty day moving average price of $54.18 and a 200-day moving average price of $53.14. Principal Value ETF has a 52-week low of $49.21 and a 52-week high of $55.51.

Principal Value ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were issued a $0.263 dividend. The ex-dividend date was Wednesday, July 1st. This is a positive change from Principal Value ETF’s previous quarterly dividend of $0.22. This represents a $1.05 dividend on an annualized basis and a yield of 1.9%.

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.