Principal Value ETF (NASDAQ:PY) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. increased its stake in Principal Value ETF (NASDAQ:PY) by 7.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 308,684 shares of the company’s stock after acquiring an additional 21,166 shares during the quarter. Principal Financial Group Inc. owned about 0.20% of Principal Value ETF worth $15,463,000 at the end of the most recent reporting period.

Separately, Principal Securities Inc. increased its stake in Principal Value ETF by 2.6% during the 3rd quarter. Principal Securities Inc. now owns 846,030 shares of the company’s stock worth $42,379,000 after buying an additional 21,608 shares in the last quarter.

Principal Value ETF Price Performance

Shares of NASDAQ:PY opened at $49.88 on Friday. The business’s 50 day moving average price is $50.82 and its 200-day moving average price is $48.83. Principal Value ETF has a 1 year low of $41.96 and a 1 year high of $52.63. The firm has a market capitalization of $76.32 million, a PE ratio of 19.65 and a beta of 1.15.

Principal Value ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 27th will be issued a dividend of $0.2633 per share. This is a positive change from Principal Value ETF’s previous dividend of $0.26. The ex-dividend date of this dividend is Friday, December 27th.

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.