Wealth Enhancement Advisory Services LLC Sells 7,603 Shares of Principal Value ETF (NASDAQ:PY)

Wealth Enhancement Advisory Services LLC cut its stake in shares of Principal Value ETF (NASDAQ:PY) by 6.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 107,339 shares of the company’s stock after selling 7,603 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.07% of Principal Value ETF worth $5,377,000 at the end of the most recent reporting period.

Separately, Principal Financial Group Inc. increased its position in shares of Principal Value ETF by 10.2% during the 2nd quarter. Principal Financial Group Inc. now owns 287,518 shares of the company’s stock valued at $13,217,000 after purchasing an additional 26,599 shares during the last quarter.

Principal Value ETF Trading Down 0.4 %

Shares of NASDAQ PY opened at $49.50 on Thursday. The stock’s 50-day moving average is $49.31 and its 200 day moving average is $47.13. The stock has a market cap of $75.74 million, a price-to-earnings ratio of 19.65 and a beta of 1.15. Principal Value ETF has a 1-year low of $37.36 and a 1-year high of $50.90.

Principal Value ETF 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.