Principal Value ETF (NASDAQ:PY) Trading Down 0.2% – Time to Sell?

Principal Value ETF (NASDAQ:PY) shares were down 0.2% on Thursday . The company traded as low as $57.85 and last traded at $58.01. Approximately 6,677 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 20,845 shares. The stock had previously closed at $58.15.

Principal Value ETF Price Performance

The company has a fifty day moving average of $56.02 and a 200-day moving average of $54.08. The firm has a market cap of $241.90 million, a P/E ratio of 17.40 and a beta of 0.83.

Principal Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were paid a $0.263 dividend. 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

Large investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. increased 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 buying an additional 40,742 shares during the last quarter. Principal Securities Inc. grew its holdings in Principal Value ETF by 24.0% during the fourth quarter. Principal Securities Inc. now owns 1,157,632 shares of the company’s stock valued at $60,419,000 after purchasing an additional 224,296 shares during the period. Principal Financial Group Inc. increased its position in Principal Value ETF by 155.0% in the first quarter. Principal Financial Group Inc. now owns 1,973,436 shares of the company’s stock worth $101,636,000 after buying an additional 1,199,677 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Principal Value ETF in the 4th quarter valued at about $555,000. Finally, Smartleaf Asset Management LLC raised its position in shares of Principal Value ETF by 2.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 20,794 shares of the company’s stock valued at $1,093,000 after purchasing an additional 473 shares during the period.

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.