Principal Financial Group Inc. Purchases 21,166 Shares of Principal Value ETF (NASDAQ:PY)

Principal Financial Group Inc. boosted its position in shares of Principal Value ETF (NASDAQ:PY) by 7.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 308,684 shares of the company’s stock after purchasing an additional 21,166 shares during the period. Principal Financial Group Inc. owned about 20.18% of Principal Value ETF worth $15,463,000 at the end of the most recent reporting period.

Separately, Envestnet Asset Management Inc. lifted its position in Principal Value ETF by 19.7% during the second quarter. Envestnet Asset Management Inc. now owns 784,656 shares of the company’s stock worth $36,071,000 after acquiring an additional 128,901 shares during the last quarter.

Principal Value ETF Stock Down 0.6 %

Shares of PY stock opened at $50.88 on Friday. Principal Value ETF has a 12-month low of $39.90 and a 12-month high of $51.70. The firm has a 50 day moving average price of $49.75 and a two-hundred day moving average price of $47.57. The company has a market capitalization of $77.84 million, a PE 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.