Principal Value ETF (NASDAQ:PY) Stock Price Down 0.1% – Should You Sell?

Principal Value ETF (NASDAQ:PY)’s stock price was down 0.1% during trading on Monday. The stock traded as low as $57.53 and last traded at $57.61. Approximately 11,420 shares traded hands during trading, a decline of 43% from the average daily volume of 20,175 shares. The stock had previously closed at $57.65.

Principal Value ETF Stock Performance

The firm has a market cap of $240.23 million, a P/E ratio of 17.40 and a beta of 0.84. The firm has a fifty day moving average of $57.26 and a 200-day moving average of $55.28.

Hedge Funds Weigh In On Principal Value ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PY. Envestnet Asset Management Inc. grew its stake in shares of Principal Value ETF by 15.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,470,675 shares of the company’s stock worth $79,271,000 after purchasing an additional 201,803 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Principal Value ETF by 155.0% in the 1st quarter. Principal Financial Group Inc. now owns 1,973,436 shares of the company’s stock worth $101,636,000 after purchasing an additional 1,199,677 shares in the last quarter. Finally, Integrity Wealth Partners LLC bought a new stake in shares of Principal Value ETF in the 1st quarter worth approximately $308,000.

About Principal Value ETF

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.