Envestnet Asset Management Inc. boosted its stake in Principal Value ETF (NASDAQ:PY – Free Report) by 19.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 784,656 shares of the company’s stock after purchasing an additional 128,901 shares during the period. Envestnet Asset Management Inc. owned about 0.52% of Principal Value ETF worth $36,071,000 at the end of the most recent reporting period.
Separately, Principal Financial Group Inc. bought a new stake in Principal Value ETF in the 4th quarter worth $10,338,000.
Principal Value ETF Trading Down 0.6 %
Shares of NASDAQ:PY opened at $49.28 on Friday. The company has a 50-day moving average price of $47.76 and a 200-day moving average price of $46.31. The company has a market cap of $74.42 million, a price-to-earnings ratio of 19.65 and a beta of 1.15. Principal Value ETF has a 12 month low of $36.85 and a 12 month high of $49.70.
Principal Value ETF Cuts Dividend
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.
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