Principal Securities Inc. Has $60.42 Million Holdings in Principal Value ETF $PY

Principal Securities Inc. increased its stake in shares of Principal Value ETF (NASDAQ:PY) by 24.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,157,632 shares of the company’s stock after purchasing an additional 224,296 shares during the period. Principal Value ETF makes up approximately 0.9% of Principal Securities Inc.’s investment portfolio, making the stock its 17th largest holding. Principal Securities Inc. owned about 32.79% of Principal Value ETF worth $60,419,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PY. Raymond James Financial Inc. acquired a new stake in shares of Principal Value ETF during the second quarter worth $117,000. Jane Street Group LLC acquired a new stake in shares of Principal Value ETF during the second quarter worth $297,000. Citadel Advisors LLC acquired a new stake in shares of Principal Value ETF during the third quarter worth $803,000. Smartleaf Asset Management LLC grew its stake in shares of Principal Value ETF by 22.4% during the second quarter. Smartleaf Asset Management LLC now owns 26,640 shares of the company’s stock worth $1,313,000 after purchasing an additional 4,876 shares during the period. Finally, LPL Financial LLC grew its stake in shares of Principal Value ETF by 3.4% during the fourth quarter. LPL Financial LLC now owns 26,455 shares of the company’s stock worth $1,381,000 after purchasing an additional 863 shares during the period.

Principal Value ETF Stock Up 0.8%

Shares of Principal Value ETF stock opened at $54.22 on Friday. Principal Value ETF has a 12 month low of $48.31 and a 12 month high of $54.82. The business has a fifty day simple moving average of $53.34 and a 200 day simple moving average of $52.81. The stock has a market cap of $214.17 million, a PE ratio of 17.40 and a beta of 0.83.

Principal Value ETF Cuts Dividend

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

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.