Partners Wealth Management LLC acquired a new stake in shares of Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,193 shares of the company’s stock, valued at approximately $580,000.
A number of other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp purchased a new stake in shares of Palmer Square CLO Senior Debt ETF during the first quarter worth about $30,000. Endeavor Private Wealth Inc. grew its stake in shares of Palmer Square CLO Senior Debt ETF by 18.6% in the second quarter. Endeavor Private Wealth Inc. now owns 16,488 shares of the company’s stock worth $337,000 after purchasing an additional 2,580 shares during the last quarter. Bull Harbor Capital LLC purchased a new position in Palmer Square CLO Senior Debt ETF during the 1st quarter valued at about $422,000. Canvas Wealth Advisors LLC purchased a new position in Palmer Square CLO Senior Debt ETF during the 1st quarter valued at about $944,000. Finally, FAS Wealth Partners Inc. increased its holdings in Palmer Square CLO Senior Debt ETF by 473.7% during the 1st quarter. FAS Wealth Partners Inc. now owns 109,285 shares of the company’s stock valued at $2,234,000 after purchasing an additional 90,237 shares during the period.
Palmer Square CLO Senior Debt ETF Stock Down 0.0%
PSQA opened at $20.66 on Friday. The business has a 50 day simple moving average of $20.66 and a two-hundred day simple moving average of $20.57. Palmer Square CLO Senior Debt ETF has a one year low of $19.90 and a one year high of $21.09.
Palmer Square CLO Senior Debt ETF Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a $0.2081 dividend. The ex-dividend date was Thursday, September 24th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 4.0%. This is an increase from Palmer Square CLO Senior Debt ETF’s previous quarterly dividend of $0.1979.
Palmer Square CLO Senior Debt ETF Company Profile
The Palmer Square CLO Senior Debt ETF (PSQA) is an exchange-traded fund that is based on the Palmer Square CLO Senior Debt index. The fund tracks a market value-weighted index of floating rate, USD-denominated arbitrage collateralized loan obligations (CLOs) rated as AAA or AA by at least one of the major rating agencies. The fund specifically invests in the senior tranches of a CLO PSQA was launched on Sep 11, 2024 and is issued by Palmer Square.
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