Raymond James & Associates Makes New Investment in Principal Quality ETF (NASDAQ:PSET)

Raymond James & Associates purchased a new stake in Principal Quality ETF (NASDAQ:PSET) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,283 shares of the company’s stock, valued at approximately $262,000. Raymond James & Associates owned 0.63% of Principal Quality ETF as of its most recent SEC filing.

Separately, Commonwealth Equity Services LLC boosted its holdings in Principal Quality ETF by 29.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 5,392 shares of the company’s stock valued at $294,000 after purchasing an additional 1,238 shares during the period.

Principal Quality ETF Stock Up 0.1 %

Shares of NASDAQ PSET opened at $65.06 on Tuesday. The stock’s 50-day simple moving average is $66.22 and its two-hundred day simple moving average is $61.70. The firm has a market capitalization of $49.45 million, a P/E ratio of 29.46 and a beta of 0.94. Principal Quality ETF has a twelve month low of $51.23 and a twelve month high of $68.12.

Principal Quality ETF Increases Dividend

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

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.