Principal Value ETF $PY Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its stake in shares of Principal Value ETF (NASDAQ:PY) by 30,404.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,876 shares of the company’s stock after purchasing an additional 40,742 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Principal Value ETF were worth $2,133,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Principal Value ETF during the 2nd quarter worth about $117,000. Jane Street Group LLC acquired a new position in shares of Principal Value ETF during the 2nd quarter worth about $297,000. Citadel Advisors LLC acquired a new position in shares of Principal Value ETF during the 3rd quarter worth about $803,000. Smartleaf Asset Management LLC raised its position in shares of Principal Value ETF by 22.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 26,640 shares of the company’s stock worth $1,313,000 after purchasing an additional 4,876 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Principal Value ETF by 40.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 791,413 shares of the company’s stock worth $41,539,000 after purchasing an additional 229,159 shares during the last quarter.

Principal Value ETF Stock Down 0.4%

PY opened at $54.41 on Wednesday. Principal Value ETF has a twelve month low of $47.75 and a twelve month high of $54.69. The company has a 50-day moving average price of $52.58 and a 200 day moving average price of $52.54. The company has a market cap of $214.92 million, a PE ratio of 17.40 and a beta of 0.84.

Principal Value ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Wednesday, April 1st were given a dividend of $0.2158 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Wednesday, April 1st.

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.