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

Raymond James & Associates acquired a new stake in shares of Principal Quality ETF (NASDAQ:PSET) during the 4th quarter, HoldingsChannel reports. The fund acquired 4,283 shares of the company’s stock, valued at approximately $262,000.

Separately, Envestnet Asset Management Inc. raised its position in shares of Principal Quality ETF by 16.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 253,994 shares of the company’s stock worth $13,861,000 after purchasing an additional 35,621 shares during the last quarter.

Principal Quality ETF Trading Up 0.1 %

Shares of Principal Quality ETF stock opened at $65.06 on Tuesday. Principal Quality ETF has a twelve month low of $51.23 and a twelve month high of $68.12. The firm has a market capitalization of $49.45 million, a PE ratio of 29.46 and a beta of 0.94. The firm’s 50-day moving average price is $66.22 and its 200 day moving average price is $61.70.

Principal Quality ETF Increases Dividend

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

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.