Principal Securities Inc. Has $9.33 Million Stock Holdings in Principal Quality ETF $PSET

Principal Securities Inc. cut its position in Principal Quality ETF (NASDAQ:PSET) by 66.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,263 shares of the company’s stock after selling 245,106 shares during the period. Principal Securities Inc. owned 26.58% of Principal Quality ETF worth $9,329,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in PSET. Farther Finance Advisors LLC grew its stake 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 valued at $46,000 after buying an additional 300 shares during the period. Assetmark Inc. grew its stake 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 valued at $111,000 after buying an additional 309 shares during the period. Abacus Wealth Partners LLC acquired a new stake in shares of Principal Quality ETF in the 4th quarter valued at about $212,000. Capital Investment Advisory Services LLC grew its stake 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 valued at $623,000 after buying an additional 1,839 shares during the period. Finally, Raymond James Financial Inc. grew its stake in shares of Principal Quality ETF by 13.3% in the 2nd quarter. Raymond James Financial Inc. now owns 8,708 shares of the company’s stock valued at $641,000 after buying an additional 1,023 shares during the period.

Principal Quality ETF Price Performance

Shares of PSET opened at $74.88 on Friday. The stock has a 50-day moving average of $74.30 and a 200-day moving average of $74.67. The company has a market cap of $32.95 million, a PE ratio of 29.66 and a beta of 1.01. Principal Quality ETF has a one year low of $67.62 and a one year high of $78.20.

Principal Quality ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Wednesday, April 1st were issued a dividend of $0.141 per share. The ex-dividend date was Wednesday, April 1st. This is a positive change from Principal Quality ETF’s previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a 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.