Principal Quality ETF (NASDAQ:PSET) Trading 0.2% Higher

Shares of Principal Quality ETF (NASDAQ:PSET) were up 0.2% during trading on Tuesday . The stock traded as high as $69.21 and last traded at $69.15. Approximately 1,648 shares traded hands during trading, a decline of 30% from the average daily volume of 2,344 shares. The stock had previously closed at $69.00.

Principal Quality ETF Stock Down 0.9 %

The firm has a fifty day moving average price of $66.05 and a 200 day moving average price of $64.51. The company has a market cap of $52.08 million, a P/E ratio of 30.55 and a beta of 0.94.

Principal Quality ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, April 4th. Investors of record on Tuesday, April 2nd were issued a $0.1456 dividend. This is a boost from Principal Quality ETF’s previous dividend of $0.12. The ex-dividend date of this dividend was Monday, April 1st.

Hedge Funds Weigh In On Principal Quality ETF

Several hedge funds have recently added to or reduced their stakes in PSET. Envestnet Asset Management Inc. boosted its holdings in Principal Quality ETF by 16.3% during the third quarter. Envestnet Asset Management Inc. now owns 253,994 shares of the company’s stock worth $13,861,000 after buying an additional 35,621 shares during the last quarter. Raymond James & Associates bought a new position in Principal Quality ETF during the fourth quarter worth about $262,000. Koshinski Asset Management Inc. boosted its holdings in Principal Quality ETF by 76.4% during the fourth quarter. Koshinski Asset Management Inc. now owns 6,960 shares of the company’s stock worth $426,000 after buying an additional 3,015 shares during the last quarter. Principal Securities Inc. bought a new position in Principal Quality ETF during the fourth quarter worth about $12,520,000. Finally, Cetera Investment Advisers bought a new position in Principal Quality ETF during the first quarter worth about $12,677,000.

About Principal Quality ETF

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.