Principal Value ETF (NASDAQ:PY) Stock Price Up 1%

Posted by Lindsey Winhoffer on May 4th, 2024

Principal Value ETF (NASDAQ:PY – Get Free Report) rose 1% during mid-day trading on Friday . The company traded as high as $44.72 and last traded at $44.67. Approximately 9,503 shares traded hands during mid-day trading, an increase of 51% from the average daily volume of 6,288 shares. The stock had previously closed at $44.21.

Principal Value ETF Stock Up 1.0 %

The stock has a 50 day simple moving average of $45.27 and a 200 day simple moving average of $42.98. The company has a market capitalization of $61.20 million, a price-to-earnings ratio of 19.05 and a beta of 1.15.

Principal Value ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, April 4th. Shareholders of record on Tuesday, April 2nd were given a $0.2883 dividend. The ex-dividend date of this dividend was Monday, April 1st. This is a positive change from Principal Value ETF’s previous dividend of $0.26.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its stake in Principal Value ETF by 17.6% during the third quarter. Envestnet Asset Management Inc. now owns 340,470 shares of the company’s stock valued at $13,409,000 after buying an additional 51,041 shares in the last quarter. Principal Financial Group Inc. raised its position in Principal Value ETF by 9.5% in the first quarter. Principal Financial Group Inc. now owns 260,919 shares of the company’s stock worth $12,230,000 after acquiring an additional 22,568 shares in the last quarter. Finally, Principal Securities Inc. acquired a new stake in Principal Value ETF in the 4th quarter valued at about $26,516,000.

About Principal Value ETF

(Get Free Report)

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.