Principal Securities Inc. Cuts Stock Position in Principal Quality ETF $PSET

Principal Securities Inc. lowered its holdings in Principal Quality ETF (NASDAQ:PSET) by 66.7% during the 4th quarter, Holdings Channel reports. The firm owned 122,263 shares of the company’s stock after selling 245,106 shares during the period. Principal Securities Inc. owned approximately 0.27% of Principal Quality ETF worth $9,329,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Raymond James Financial Inc. boosted its position in Principal Quality ETF by 13.3% in the second quarter. Raymond James Financial Inc. now owns 8,708 shares of the company’s stock worth $641,000 after purchasing an additional 1,023 shares during the last quarter. Capital Investment Advisory Services LLC boosted its holdings in shares of Principal Quality ETF by 29.1% in the 4th quarter. Capital Investment Advisory Services LLC now owns 8,163 shares of the company’s stock worth $623,000 after buying an additional 1,839 shares during the last quarter. Abacus Wealth Partners LLC purchased a new position in shares of Principal Quality ETF in the 4th quarter worth about $212,000. Assetmark Inc. boosted its holdings in shares of Principal Quality ETF by 26.9% in the 4th quarter. Assetmark Inc. now owns 1,459 shares of the company’s stock worth $111,000 after buying an additional 309 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Principal Quality ETF by 100.3% in the 4th quarter. Farther Finance Advisors LLC now owns 599 shares of the company’s stock worth $46,000 after buying an additional 300 shares during the last quarter.

Principal Quality ETF Stock Performance

Shares of NASDAQ:PSET opened at $74.88 on Friday. The company’s 50-day moving average is $74.30 and its 200 day moving average is $74.67. The company has a market capitalization of $32.95 million, a P/E ratio of 29.66 and a beta of 1.01. Principal Quality ETF has a fifty-two week low of $67.62 and a fifty-two week high of $78.20.

Principal Quality ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Wednesday, April 1st were issued a $0.141 dividend. This is an increase from Principal Quality ETF’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.8%.

Principal Quality ETF Profile

The Principal Quality ETF (PSET) 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 are perceived to exhibit higher quality, growth potential, and pricing power. PSET was launched on Mar 21, 2016 and is managed by Principal.