Principal Value ETF (NASDAQ:PY) Shares Down 0.1% – Time to Sell?

Principal Value ETF (NASDAQ:PY) shares dropped 0.1% on Monday. The company traded as low as $57.53 and last traded at $57.61. Approximately 11,420 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 20,175 shares. The stock had previously closed at $57.65.

Principal Value ETF Trading Down 0.0%

The firm has a fifty day moving average of $57.28 and a two-hundred day moving average of $55.33. The company has a market capitalization of $242.68 million, a PE ratio of 17.40 and a beta of 0.84.

Hedge Funds Weigh In On Principal Value ETF

Several hedge funds and other institutional investors have recently modified their holdings of PY. Integrity Wealth Partners LLC purchased a new stake in Principal Value ETF in the 1st quarter worth approximately $308,000. Envestnet Asset Management Inc. lifted its position in Principal Value ETF by 15.9% during the second quarter. Envestnet Asset Management Inc. now owns 1,470,675 shares of the company’s stock valued at $79,271,000 after purchasing an additional 201,803 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in Principal Value ETF by 155.0% during the first quarter. Principal Financial Group Inc. now owns 1,973,436 shares of the company’s stock worth $101,636,000 after acquiring an additional 1,199,677 shares during the last quarter.

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.