Principal Quality ETF (NASDAQ:PSET) Short Interest Update

Principal Quality ETF (NASDAQ:PSET) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 29 shares, a decline of 56.1% from the June 30th total of 66 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 922 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On Principal Quality ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new stake in Principal Quality ETF during the fourth quarter valued at $65,000. Farther Finance Advisors LLC increased its stake in Principal Quality ETF by 100.3% in the 4th quarter. Farther Finance Advisors LLC now owns 599 shares of the company’s stock worth $46,000 after acquiring an additional 300 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Principal Quality ETF by 25.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 5,095 shares of the company’s stock worth $392,000 after acquiring an additional 1,019 shares during the last quarter. Raymond James Financial Inc. raised its holdings 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 acquiring an additional 1,023 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Principal Quality ETF by 21.2% in the 1st quarter. Principal Financial Group Inc. now owns 6,231 shares of the company’s stock valued at $434,000 after acquiring an additional 1,090 shares in the last quarter.

Principal Quality ETF Stock Performance

NASDAQ PSET traded down $0.66 on Wednesday, hitting $77.29. The stock had a trading volume of 1,802 shares, compared to its average volume of 2,664. Principal Quality ETF has a 52-week low of $67.62 and a 52-week high of $78.25. The company has a market capitalization of $27.82 million, a price-to-earnings ratio of 29.66 and a beta of 1.00. The firm has a 50-day moving average of $75.81 and a 200-day moving average of $74.52.

Principal Quality ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.1526 per share. This is an increase from Principal Quality ETF’s previous quarterly dividend of $0.14. The ex-dividend date was Wednesday, July 1st. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.8%.

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.