Principal Value ETF (NASDAQ:PY) Shares Purchased by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC boosted its holdings in Principal Value ETF (NASDAQ:PY) by 156.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,040 shares of the company’s stock after buying an additional 3,682 shares during the period. Capital Investment Advisory Services LLC’s holdings in Principal Value ETF were worth $299,000 at the end of the most recent quarter.

Separately, Principal Financial Group Inc. grew its stake in shares of Principal Value ETF by 7.4% during the 3rd quarter. Principal Financial Group Inc. now owns 308,684 shares of the company’s stock valued at $15,463,000 after buying an additional 21,166 shares during the period.

Principal Value ETF Trading Down 0.6 %

Shares of PY opened at $50.61 on Friday. Principal Value ETF has a twelve month low of $41.96 and a twelve month high of $52.63. The firm has a market capitalization of $83.51 million, a P/E ratio of 19.65 and a beta of 1.15. The stock’s fifty day simple moving average is $50.72 and its 200 day simple moving average is $49.54.

Principal Value ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 31st were issued a $0.00 dividend. The ex-dividend date was Tuesday, December 31st.

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.