Principal Value ETF (NASDAQ:PY) Shares Down 0.7% – Should You Sell?

Principal Value ETF (NASDAQ:PY) shares fell 0.7% during trading on Friday . The stock traded as low as $50.51 and last traded at $50.60. 21,552 shares traded hands during mid-day 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 Performance

The company has a market cap of $178.62 million, a P/E ratio of 17.40 and a beta of 0.96. The business has a 50 day moving average price of $52.74 and a two-hundred day moving average price of $52.26.

Institutional Trading of Principal Value ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its position in Principal Value ETF by 2.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 20,794 shares of the company’s stock valued at $1,093,000 after buying an additional 473 shares during the period. LPL Financial LLC increased its position in shares of Principal Value ETF by 3.4% in the fourth quarter. LPL Financial LLC now owns 26,455 shares of the company’s stock valued at $1,381,000 after acquiring an additional 863 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Principal Value ETF in the second quarter valued at about $117,000. Jane Street Group LLC bought a new position in shares of Principal Value ETF during the second quarter valued at about $297,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Principal Value ETF during the fourth quarter valued at about $555,000.

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.