Envestnet Asset Management Inc. raised its stake in Principal Value ETF (NASDAQ:PY – Free Report) by 40.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 791,413 shares of the company’s stock after purchasing an additional 229,159 shares during the quarter. Envestnet Asset Management Inc. owned 35.49% of Principal Value ETF worth $41,539,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its holdings in 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 buying an additional 4,876 shares in the last quarter. Jane Street Group LLC bought a new position in Principal Value ETF during the 2nd quarter valued at $297,000. NFP Retirement Inc. lifted its stake in Principal Value ETF by 6.0% during the 2nd quarter. NFP Retirement Inc. now owns 5,684 shares of the company’s stock valued at $282,000 after acquiring an additional 324 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Principal Value ETF during the 2nd quarter worth $117,000.
Principal Value ETF Price Performance
NASDAQ PY opened at $53.72 on Wednesday. The company has a fifty day moving average price of $52.73 and a 200-day moving average price of $51.93. The firm has a market cap of $189.63 million, a price-to-earnings ratio of 17.40 and a beta of 0.96. Principal Value ETF has a 1 year low of $42.11 and a 1 year high of $53.96.
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.
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