Principal Value ETF (NASDAQ:PY – Get Free Report) declared a quarterly dividend on Tuesday, June 30th, NASDAQ Dividends reports. Investors of record on Wednesday, July 1st will be given a dividend of 0.263 per share on Monday, July 6th. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, July 1st. This is a 21.9% increase from Principal Value ETF’s previous quarterly dividend of $0.22.
Principal Value ETF Trading Up 0.3%
Shares of PY traded up $0.16 during trading hours on Wednesday, hitting $54.06. 46,597 shares of the stock traded hands, compared to its average volume of 23,241. Principal Value ETF has a 1-year low of $49.21 and a 1-year high of $54.84. The firm has a market capitalization of $213.54 million, a PE ratio of 17.40 and a beta of 0.83. The business has a fifty day moving average of $53.82 and a 200-day moving average of $52.99.
Institutional Trading of Principal Value ETF
Several hedge funds have recently added to or reduced their stakes in PY. Raymond James Financial Inc. acquired a new position in shares of Principal Value ETF in the second quarter valued at approximately $117,000. Jane Street Group LLC bought a new stake in Principal Value ETF in the 2nd quarter valued at $297,000. Integrity Wealth Partners LLC bought a new stake in Principal Value ETF in the 1st quarter valued at $308,000. Kestra Advisory Services LLC acquired a new position in Principal Value ETF in the 4th quarter worth $555,000. Finally, Citadel Advisors LLC acquired a new position in Principal Value ETF in the 3rd quarter worth $803,000.
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.
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