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PY - Principal Shareholder Yield Index ETF

Stock Price: $41.88 USD 0.36 (0.86%)
Updated Apr 16, 2021 4:00 PM EDT - Market closed
After-hours: $41.88 0.00 (0.00%) Apr 16, 4:15 PM
Assets $33.31M
NAV $41.64
Expense Ratio 0.15%
PE Ratio 12.78
Beta (5Y) 1.34
Dividend (ttm) $1.05
Dividend Yield 2.53%
Ex-Dividend Date Apr 1, 2021
1-Year Return -
Trading Day April 16
Last Price $41.88
Previous Close $41.52
Change ($) 0.36
Change (%) 0.86%
Day's Open 41.55
Day's Range 41.55 - 41.90
Day's Volume 1,043
52-Week Range 21.82 - 41.90

Fund Description

The investment seeks to provide investment results that closely correspond, before expenses, to the performance of the Nasdaq US Shareholder Yield Index. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies that compose the index at the time of purchase. The index uses a quantitative model designed to identify equity securities (including value stock) of mid- to large-capitalization companies in the Nasdaq US Large Mid Cap Index (the parent index) that exhibit higher degrees of shareholder yield.

Asset Class
Equity
Sector
Large Cap
Region
North America
Inception Date
Mar 21, 2016
Exchange
NASDAQ
Ticker Symbol
PY
Index Tracked
NASDAQ U.S. Shareholder Yield Index

Top 10 Holdings

21.57% of assets
NameSymbolWeight
AltriaMO3.31%
Equitrans MidstreamETRN3.19%
Qurate RetailQRTEA2.67%
Prudential FinancialPRU2.02%
Dow IncDOW1.86%
Cardinal HealthCAH1.82%
Newell BrandsNWL1.71%
First Horizon NationalFHN1.68%
VICI PropertiesVICI1.66%
Interpublic Group of CompaniesIPG1.66%
View All Holdings

Dividends

Ex-DividendAmountPay Date
Apr 1, 2021$0.187625Apr 7, 2021
Dec 29, 2020$0.231Jan 4, 2021
Oct 1, 2020$0.454Oct 6, 2020
Jul 1, 2020$0.181Jul 7, 2020
Apr 1, 2020$0.1371Apr 6, 2020
Dec 27, 2019$0.2033Jan 2, 2020
Full Dividend History

News

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Sometimes, prosaic approaches to factor investing leave investors wanting more. That's long been the case with value stocks, but the Principal Value ETF (PY) provides a unique lens to value, one that co...

4 months ago - ETF Trends

Value stocks are perking up and that augurs well for advisors and investors mulling a return to the once beloved factor. It's also a good time to consider fresher approaches to value investing, such as ...

4 months ago - ETF Trends

Momentum is building for value stock resurgence, but investors looking to capitalize may want to go beyond prosaic exchange traded funds. Enter the Principal Value ETF (PY).

5 months ago - ETF Trends

Investors seeking a different approach to shareholder rewards and generating income should consider the Principal Shareholder Yield Index ETF (PY) and the time is right to do just that. PY seeks to prov...

8 months ago - ETF Trends

Many investors simply monitor yield view bonds or common stocks, but a more encompassing solution is shareholder yield, which can be sourced via the Principal Shareholder Yield Index ETF (PY). PY seeks ...

8 months ago - ETF Trends

With interest rates residing around historic lows, it’s easy to be tempted high dividend stocks and ETFs, but in news that may catch some investors by surprise, shareholder yield is proving to be a bett...

10 months ago - ETF Trends

There’s often a debate between the efficacy of buybacks and dividends, but some ETFs, such as the Principal Shareholder Yield Index ETF (PY), ensure investors don’t have to isolate just one of those spe...

11 months ago - ETF Trends

Some ETFs focus on dividends while others emphasize buybacks, the two primary forms of shareholder rewards. The combination of the two results in the concept known as a shareholder, which is the emphasi...

1 year ago - ETF Trends

As investors consider incorporating smart beta exchange traded funds into a diversified investment portfolio, it is important to look at foundational concepts and the innovative approaches to make a mor...

Other tickers mentioned: PMOM, PSC, PSET, PVAL, USMC
1 year ago - ETF Trends