Principal Value ETF (NASDAQ:PY) Stock Price Down 0.1% – Time to Sell?

Principal Value ETF (NASDAQ:PY)’s share price traded down 0.1% during mid-day trading on Wednesday . The stock traded as low as $53.04 and last traded at $53.09. 9,930 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 28,870 shares. The stock had previously closed at $53.15.

Principal Value ETF Stock Down 0.1%

The company has a 50 day moving average price of $52.33 and a 200-day moving average price of $52.24. The company has a market cap of $209.71 million, a price-to-earnings ratio of 17.40 and a beta of 0.87.

Principal Value ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Wednesday, April 1st were paid a $0.2158 dividend. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $0.86 annualized dividend and a dividend yield of 1.6%.

Institutional Trading of Principal Value ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PY. Raymond James Financial Inc. acquired a new stake in Principal Value ETF during the 2nd quarter valued at approximately $117,000. Jane Street Group LLC acquired a new stake in Principal Value ETF during the 2nd quarter valued at approximately $297,000. Smartleaf Asset Management LLC increased its position in Principal Value ETF by 22.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 26,640 shares of the company’s stock valued at $1,313,000 after purchasing an additional 4,876 shares during the period. Envestnet Asset Management Inc. increased its position in Principal Value ETF by 40.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 791,413 shares of the company’s stock valued at $41,539,000 after purchasing an additional 229,159 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in Principal Value ETF during the 3rd quarter valued at approximately $803,000.

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.