Principal Value ETF (NASDAQ:PY) Stock Price Down 0.7% – What’s Next?

Principal Value ETF (NASDAQ:PY) was down 0.7% during trading on Friday . The stock traded as low as $50.51 and last traded at $50.60. Approximately 21,552 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 35,066 shares. The stock had previously closed at $50.95.

Principal Value ETF Trading Down 0.7%

The firm has a market cap of $178.62 million, a P/E ratio of 17.40 and a beta of 0.96. The business’s 50-day moving average is $52.74 and its two-hundred day moving average is $52.25.

Hedge Funds Weigh In On Principal Value ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC bought a new stake in Principal Value ETF in the fourth quarter valued at $555,000. Smartleaf Asset Management LLC grew its position in shares of Principal Value ETF by 2.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 20,794 shares of the company’s stock worth $1,093,000 after acquiring an additional 473 shares during the last quarter. Principal Securities Inc. grew its position in shares of Principal Value ETF by 24.0% during the fourth quarter. Principal Securities Inc. now owns 1,157,632 shares of the company’s stock worth $60,419,000 after acquiring an additional 224,296 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Principal Value ETF by 3.4% in the 4th quarter. LPL Financial LLC now owns 26,455 shares of the company’s stock worth $1,381,000 after acquiring an additional 863 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of 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 worth $2,133,000 after acquiring an additional 40,742 shares during the period.

Principal Value ETF Company 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.