Principal Financial Group Inc. Raises Stock Position in Principal Value ETF (NASDAQ:PY)

Principal Financial Group Inc. lifted its position in Principal Value ETF (NASDAQ:PY) by 7.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 308,684 shares of the company’s stock after buying an additional 21,166 shares during the period. Principal Financial Group Inc. owned approximately 0.20% of Principal Value ETF worth $15,463,000 as of its most recent SEC filing.

Separately, Envestnet Asset Management Inc. lifted its stake in Principal Value ETF by 19.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 784,656 shares of the company’s stock valued at $36,071,000 after acquiring an additional 128,901 shares during the period.

Principal Value ETF Price Performance

PY opened at $50.88 on Friday. The firm has a fifty day moving average price of $49.75 and a 200 day moving average price of $47.57. Principal Value ETF has a 1 year low of $39.90 and a 1 year high of $51.70. The stock has a market cap of $77.84 million, a P/E ratio of 19.65 and a beta of 1.15.

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.