Envestnet Asset Management Inc. Has $40.86 Million Stock Holdings in Principal Value ETF (NASDAQ:PY)

Envestnet Asset Management Inc. grew its holdings in shares of Principal Value ETF (NASDAQ:PY) by 2.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 825,212 shares of the company’s stock after buying an additional 20,086 shares during the period. Envestnet Asset Management Inc. owned approximately 49.41% of Principal Value ETF worth $40,861,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Principal Financial Group Inc. grew its stake in Principal Value ETF by 7.4% in the third quarter. Principal Financial Group Inc. now owns 308,684 shares of the company’s stock valued at $15,463,000 after acquiring an additional 21,166 shares during the period. Capital Investment Advisory Services LLC increased its stake in Principal Value ETF by 156.1% during the 4th quarter. Capital Investment Advisory Services LLC now owns 6,040 shares of the company’s stock valued at $299,000 after purchasing an additional 3,682 shares in the last quarter. Principal Securities Inc. raised its holdings in Principal Value ETF by 3.6% during the fourth quarter. Principal Securities Inc. now owns 876,530 shares of the company’s stock worth $43,402,000 after buying an additional 30,500 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Principal Value ETF by 63.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 13,967 shares of the company’s stock worth $691,000 after buying an additional 5,439 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in shares of Principal Value ETF by 20.6% in the fourth quarter. LPL Financial LLC now owns 23,213 shares of the company’s stock valued at $1,149,000 after buying an additional 3,973 shares in the last quarter.

Principal Value ETF Price Performance

NASDAQ:PY opened at $45.25 on Friday. Principal Value ETF has a one year low of $41.96 and a one year high of $52.63. The company has a market cap of $279.19 million, a PE ratio of 18.32 and a beta of 1.15. The firm has a 50-day moving average of $48.93 and a 200-day moving average of $49.96.

Principal Value ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.1781 per share. This represents a $0.71 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Tuesday, April 1st.

Principal Value ETF Company 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.