Envestnet Asset Management Inc. Purchases 37,262 Shares of Principal Quality ETF (NASDAQ:PSET)

Envestnet Asset Management Inc. lifted its position in Principal Quality ETF (NASDAQ:PSET) by 29.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,601 shares of the company’s stock after acquiring an additional 37,262 shares during the quarter. Envestnet Asset Management Inc. owned 27.27% of Principal Quality ETF worth $8,602,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Citadel Advisors LLC bought a new position in Principal Quality ETF in the second quarter worth about $1,906,000. Advisor Group Holdings Inc. raised its holdings in Principal Quality ETF by 9.3% in the fourth quarter. Advisor Group Holdings Inc. now owns 33,116 shares of the company’s stock worth $1,650,000 after purchasing an additional 2,828 shares in the last quarter. Jane Street Group LLC bought a new position in Principal Quality ETF in the second quarter worth about $1,210,000. Flow Traders U.S. LLC raised its holdings in Principal Quality ETF by 23.7% in the fourth quarter. Flow Traders U.S. LLC now owns 6,576 shares of the company’s stock worth $328,000 after purchasing an additional 1,259 shares in the last quarter. Finally, UBS Group AG raised its holdings in Principal Quality ETF by 36,340.0% in the fourth quarter. UBS Group AG now owns 1,822 shares of the company’s stock worth $91,000 after purchasing an additional 1,817 shares in the last quarter.

Principal Quality ETF Stock Performance

Shares of Principal Quality ETF stock opened at $56.93 on Thursday. The company has a market capitalization of $37.00 million, a PE ratio of 17.53 and a beta of 0.94. The company has a 50-day simple moving average of $56.81 and a two-hundred day simple moving average of $54.09. Principal Quality ETF has a one year low of $43.62 and a one year high of $58.16.

Principal Quality ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 7th. Stockholders of record on Wednesday, July 5th were paid a dividend of $0.1358 per share. The ex-dividend date was Monday, July 3rd. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.95%.

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.