Principal Quality ETF (NASDAQ:PSET) Trading Down 1.4%

Principal Quality ETF (NASDAQ:PSET – Get Rating) shares were down 1.4% during trading on Wednesday . The company traded as low as $51.38 and last traded at $51.40. Approximately 5,094 shares were traded during mid-day trading, an increase of 65% from the average daily volume of 3,078 shares. The stock had previously closed at $52.12.

Principal Quality ETF Stock Performance

The business has a 50-day moving average price of $52.02 and a 200 day moving average price of $51.74. The stock has a market capitalization of $31.78 million, a P/E ratio of 17.53 and a beta of 0.94.

Institutional Trading of Principal Quality ETF

A number of hedge funds have recently made changes to their positions in PSET. UBS Group AG raised its position in shares of Principal Quality ETF by 443.2% in the 2nd quarter. UBS Group AG now owns 1,673 shares of the company’s stock worth $80,000 after purchasing an additional 1,365 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of Principal Quality ETF in the 2nd quarter worth about $1,906,000. Jane Street Group LLC purchased a new position in shares of Principal Quality ETF in the 2nd quarter worth about $1,210,000. Envestnet Asset Management Inc. raised its position in shares of Principal Quality ETF by 23.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 96,526 shares of the company’s stock worth $4,321,000 after purchasing an additional 18,272 shares during the last quarter. Finally, Advisor Group Holdings Inc. increased its position in shares of Principal Quality ETF by 9.3% during the fourth quarter. Advisor Group Holdings Inc. now owns 33,116 shares of the company’s stock valued at $1,650,000 after acquiring an additional 2,828 shares in the last quarter.

About Principal Quality ETF

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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.