Principal Value ETF (NASDAQ:PY) Shares Down 0.2% – Should You Sell?

Principal Value ETF (NASDAQ:PY) was down 0.2% on Thursday . The stock traded as low as $57.85 and last traded at $58.01. 6,677 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 20,845 shares. The stock had previously closed at $58.15.

Principal Value ETF Stock Up 0.4%

The firm has a market capitalization of $242.78 million, a price-to-earnings ratio of 17.40 and a beta of 0.83. The business has a 50-day moving average of $56.11 and a two-hundred day moving average of $54.11.

Principal Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.263 per share. This represents a $1.05 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, July 1st. This is a boost from Principal Value ETF’s previous quarterly dividend of $0.22.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PY. Principal Financial Group Inc. lifted its position in Principal Value ETF by 155.0% in the first quarter. Principal Financial Group Inc. now owns 1,973,436 shares of the company’s stock worth $101,636,000 after purchasing an additional 1,199,677 shares during the period. Principal Securities Inc. increased its holdings in Principal Value ETF by 24.0% in the 4th quarter. Principal Securities Inc. now owns 1,157,632 shares of the company’s stock valued at $60,419,000 after buying an additional 224,296 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Principal Value ETF by 30,404.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 40,876 shares of the company’s stock valued at $2,133,000 after buying an additional 40,742 shares during the period. Citadel Advisors LLC acquired a new position in shares of Principal Value ETF in the 3rd quarter valued at $803,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of Principal Value ETF in the 4th quarter valued at $555,000.

About Principal Value ETF

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.