Wealth Enhancement Advisory Services LLC cut its stake in shares of Principal Value ETF (NASDAQ:PY – Free Report) 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.
Featured Stories
- Five stocks we like better than Principal Value ETF
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Boeing: Why Analysts Think Now’s The Time To Be Brave
- Upcoming IPO Stock Lockup Period, Explained
- Advanced Micro Devices is Building Momentum with AI: Buy the Dip
- Insider Buying Explained: What Investors Need to Know
- Can Evolv Stock Recover From Its Massive Self-Inflicted Drop?
Want to see what other hedge funds are holding PY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Principal Value ETF (NASDAQ:PY – Free Report).
Receive News & Ratings for Principal Value ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Principal Value ETF and related companies with MarketBeat.com's FREE daily email newsletter.