Principal Financial Group Inc. Has $101.64 Million Stock Holdings in Principal Value ETF $PY

Principal Financial Group Inc. boosted its stake in shares of Principal Value ETF (NASDAQ:PY) by 155.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,973,436 shares of the company’s stock after purchasing an additional 1,199,677 shares during the quarter. Principal Financial Group Inc. owned about 49.96% of Principal Value ETF worth $101,636,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of Principal Value ETF during the 2nd quarter worth about $117,000. Integrity Wealth Partners LLC bought a new position in Principal Value ETF in the 1st quarter valued at about $308,000. Jane Street Group LLC bought a new position in Principal Value ETF in the 2nd quarter valued at about $297,000. Kestra Advisory Services LLC acquired a new stake in Principal Value ETF during the fourth quarter worth approximately $555,000. Finally, Citadel Advisors LLC bought a new stake in shares of Principal Value ETF during the third quarter worth approximately $803,000.

Principal Value ETF Trading Up 0.0%

Principal Value ETF stock opened at $55.18 on Thursday. Principal Value ETF has a 12 month low of $49.21 and a 12 month high of $55.51. The stock’s 50 day moving average is $54.18 and its 200-day moving average is $53.14. The company has a market capitalization of $230.10 million, a price-to-earnings ratio of 17.40 and a beta of 0.83.

Principal Value ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were issued a $0.263 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $1.05 dividend on an annualized basis and a yield of 1.9%. This is a positive change from Principal Value ETF’s previous quarterly dividend of $0.22.

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.